When can we expect the revenue from AGL for our share as they have already drawn down $720k from the $5m debt facility which they have in place from KBC and Glennon. (KBC ($3m facility) and Glennon ($2m facility)).
They only had $220k at end of the march quarter hence they have started drawing down from debt facility!
The company needs to get the dewatering issue on vali-2 and vali-3 sorted out urgently as they need to start the flowing of the gas from these wells, bring in revenue and start to show shareholder returns!!
There have been many promises from the management, and numerous missed timelines so they need to get there act together!
MEL Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)