HY report a shocker as expected.
"Net" cash way down
They have admitted to needing more funds for any major development....P-11
Convertible notes debt USD85mil become due starting Feb 2010
Production costs of ~$15mil/qtr bleeding them dry at current low oil prices and production rates.
When will they shut down the NE field ?
Ann: Half Yearly Report and Accounts , page-2
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