Ann: Quarterly Activities and Cashflow Report, page-8

Another really ugly Qtly .
Income materially lower .
Operating loss approaching 1 million for the 6 months .
Huge cash burn .
No explanation in the note for Administration and Corporate .
Qtr estimate 300,000 actual 449,000 , I suppose they do not think it is material lol !!!
They need to drill some more wells quickly before the cash disappears .
A  long way to go before they are cash flow positive operationally and much further to go before they are cash flow positive at a company level .
I am disappointed but not all that surprised .