Having a re-read of the march quarter update it seems the $406k capital investment is the $370K CAD initial loan out for KP5 well - is that right?
The subsequent loan is optional and not for sure just yet.
So is possible this June update will not have much capital out lay at all?
Also, just looking at Jewell well figures it seems the December quarter included possibly 4 months of receipts, and the March quarter only 2. Does that sound right to you? If so, we can expect 3 receipts in the June quarter, which coupled with low capital outlay, could mean we have a very tidy takings for the June quarter, better than expected?
Just my thoughts.
Also I think we will move on from quarterly updates soon, cash profitable for a while now.
Having a re-read of the march quarter update it seems the $406k...
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