Wasa, I had a brief look at the last quarterly. Cash $23M, with $3M outflow expected this quarter. In fine print it says $5M bond paid to Senegal, which can recoup by drilling a well. Cash would be closer to $15M. Their acreage across the globe is large now and they are operators across most of it. They will have to keep going to market for cash. That Jamaica acreage is just going to burn a hole in FARs pocket.
They will also need to pay their share of the Ophir 3D in L9, unless it's accounted for in the previous quarterlies expected outflows for the current quarter.
Wasa, I had a brief look at the last quarterly. Cash $23M, with...
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49.5¢ |
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