Read through all of the speel. Near the end they say they are goign to get A$3.5M of cashflow in the quarter we are in. Compare that to the spending projections, this is way less. Their cash balance is going to go past A$10M I reckon by end of Dec under current circumstances.
Getting the oil to the market seems to be the new issue for them as they have discovered too much. But the reserves are there all the same, just need oil prices to stay above US$35 and they will be smoking.
That cashflow gives them plenty of leverage to look outside of the basin, but they still have other Cooper licences they are yet to exploit.
cracking quarterly report
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