Conv Note: 19.3 Million in Sept
5 Wells at an average of $30 Million and 35% Working Interest on a 3 for 2 promote basis (down from an assumed 55% average working interest) = 150MM X (0.35 - 3/2x0.2) = 7.5 Million
G&A of 2.9 Million
So, need to find 30 million to keep the doors open AND farm out all the acreage on good terms!
In the lack of another pland we all had better pray that Gindara comes in!
p1000
Conv Note: 19.3 Million in Sept5 Wells at an average of $30...
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