MEL 11.1% 0.4¢ metgasco ltd

Ann: Quarterly Activities and Appendix 5B September 2023, page-4

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    I've been trying to reconcile VEN's quarterly too, and struggling. For the life of me I can't see where the rental of Odin equipment comes in. All a bit murky, but on paper should be cashflow positive going forward - especially as the Odin sales are unencumbered by repayment of prepayments. My concern at this stage is the health of the wells post maintenance shutin.
 
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