Actual numbers
$2,078,000 to Sophs + $74k cash - $1,075,000 (projected) net outgoings for Sep quarter.
Not seen any mention of a full debt repay?? Any debt repaid would be captured in projected net outgoings for the quarter. So on my numbers rough cash at end of Sep qrt is $1,077,000
Last cap raising Use of funds (Per term sheet)
Drilling up two pathfinder development wells $1,350,000, Working cap and debt repayment $650k = $2m
So as I see it, they have funding for another well at least? Just my thoughts
Ann: Addendum to Bird 13-18 announcements of 9 and 11 Oct 2017, page-26
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