Decent set of numbers for March Qtr with minimal downtime etc.
Revenue of USD 94mil, (cash received USD 75mil). Another 55mil was received earlier in April for the March cargo sale
Production: 1.05 mmbbls
Sales: 0.99 mmbbls from 2 cargo's sold
Net cash: USD 170mil
Undrawn debt: USD 130mil
Liquidity: USD 300mil
Cash from the second lift in mid March received in April (was USD 55mil, its the highest per bbl received yet mainly due to the impact on oil price from the Ukraine crisis that started in late Feb).
- USD 43mil deferred payment to Petrobras payable next month.
- Costs for Bauna interv & Patola drilling: 110-130mil & 175-195mil.
- M/Dev Rig arrived in Rio on 17th April.
- E2 & E3 planned to b drilled post Patola wells.
- Talking to Enauta.
- Withdrawal notice given to Santos for WA-482P, so I guess no more drilling in our backyard !!
Ann: March 2022 Quarterly Report and Appendix 5B, page-2
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