They might get creative...
If MEL wanted a working interest in SM71, and/or OEL/MEL want to farmin to the new permits, that might raise a bit of cash to fix their near term funding shortfall.
Directors could loan the company money (again) with a view to getting paid back when the timing is better for a CR. ie, after SM71 is producing, and ahead of raising funds to drill stepout producer wells at SM71 and/or wells in the new permits.
Otherwise, yes agree, doing a CR now would be painful.
Ann: Byron Awarded South Marsh Island Block 74, page-6
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BYE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
5.1¢ |
Change
0.001(2.00%) |
Mkt cap ! $55.01M | |||
| Open | High | Low | Value | Volume |
| 5.1¢ | 5.2¢ | 4.9¢ | $33.87K | 675.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1671669 | 5.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.2¢ | 656641 | 5 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| BYE (ASX) Chart |