This is the yummy part:
• It is anticipated that handover for gas production commissioning of the first well to be
brought onstream, will occur in early February with a phased start-up of Vali-3 and Vali-2
during the March quarter
Cash balance is a bit too low for comfort and I suspect we may have to get some more cash in before the revenue starts to arrive. That is not too big an issue as the SP should start to go up when production starts. Concerning that MEL has let the cash reserves get so low. Maybe they believe that revenue will come in before the cash is gone.
This is the yummy part:• It is anticipated that handover for gas...
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