mmmmmm I dunno about that......estimated cash outflow last quarter were $2.5 mil, I recall that they estimated each drill to be circa $300K USD. If each of the next 7 wells is that price, that's another $2.1 mil - probably higher given the AUD/USD has gone to hell. Would also think that the workover rigs and additional work they've had to do on the recent wells weren't factored in? I'm thinking thats $5mil gone outta the $10mil that was sitting in the bank at the end of June 2022 over the next few months.
Cap raise in 1st or 2nd quarter in 2023 wouldn't be surprising.
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