I don’t see there being a problem as long as they put aside say $15m of current cash bundle to pay for GC21 re- re completion this provides a 50% buffer to upside cost estimate.
this would free up $10m from current cash pile plus any FCF to pay for drilling.
worth noting Oyster bayou and Mosquito bay each cost OEL around $3m each to drill and complete. No reason why they couldn’t drill and complete a well (if successful) a month from cashflow alone let’s hope they are in negotiations with castex to expand their participation together …..
I don’t see there being a problem as long as they put aside say...
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