If they concentrate on SNE then the two firm wells, which we are funded for, could be the last wells in SNE untill they start the development wells in a year or two... so our expenditure in the next 12 months , beyond the two firm wells, will depend if they do any option wells plus other less expensive commitments such as FEED ,GB , admin and DJ.
I find it hard to imagine them stretching the current cash another year without a placement or borrowing and as by then they should have access to Reserve based lending that may be the way they are thinking , being not concerned about funding for the next 12 months its a good message to get out.
Of course any positive result from the PE could change that considerably.....
Cheers Whisky
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