I was talking purely about drilling O-2, per your post. The $9m gross is for drilling two wells and completing one. It's not about helping, but about KBC legal obligation. Yes MEL have circa 2.3m of current liquidity, hence my comment of a greater quantum of debt. If they can expand the current $5m joint facility to something more like $8m then they won't need to raise any cash.
Ann: Operations Update, page-66
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Mkt cap ! $7.287M | |||
| Open | High | Low | Value | Volume |
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