Intersting to see that production volumes (boe) for the quarter were down, lets hope thats not going to be a regular occurance.
Also $95 million cash as off Dec 2010 and now $53 million as of June 2011.
At this cash burn rate they will be looking to raise more money within the next 9-12 months even after procceds from the sale of 25% of WA-351-P.
By the look of the sp the market agrees.
DYOR
Intersting to see that production volumes (boe) for the quarter...
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)