Ann: Quarterly Activities and Cashflow Report , page-2

A quick calcs of cash for next 1-2 years :S

TPT & JKA 2014&2015:
US$6 (5.3TPT & 0.8JKA) million net cash reserves
US$7.5 million of back costs
US$3 million bank guarantee
US$3 million Odewayne project
US$12 upon minimum work program in the Third and Fourth Periods of the PSC.

Costs 2014-15:
US$? AJE development
carried) Galp expl TAO-1 well
US$? Tunisian side-track well
US$? Odewayne development
US$? Tanzania Geological survey ops
Admin costs US$4 millions

Any idea what total costs&expenses could be? supported estimations much appreciated.

Results: with successful merger it does seem we are ok out for next 1.5 to 2 years or until C2 reserves converted to P2.