re: Ann: Drilling commenced on Williston Basi... The $150 million was only for the potential acquisition of
producing acreage amounting to a ~$150m transaction value.
We still have our 10,600 net acres in dunn county (williston basin)
We have $1.275 Million cash on hand, with $14.4 million in loan facilities. Estimated cash out flows for current quarter are $2.2 Million.
Ann: Drilling commenced on Williston Basin Bakken, page-12
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