What do you mean it hasn't been quantified? We know they raised .75m of 1.5m and then placed 250k. They're short 500k + some working capital.
At double digit gas prices, if the interventions/completions are successful on all three wells then a good portion of that $1m lian can be covered by cashflow. $1m or so total should be enough to cover the spp shortfall and loan repayment (assuming it isn't just rolled over)
Market is unimpressed (I think partially due to JV disclosure around O1) but the above is me calling it a spade. I think you're disproportionately calling it a bobcat.
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Mkt cap ! $3.413M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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