The bits for me: - SM58 E1 cost less than 60k net to recomplete...

The bits for me:
- SM58 E1 cost less than 60k net to recomplete and is returning around 300k net per quarter.
- Trade and other payables reduced by $7.7m to $3.4m
- Received an oil prepayment of $3.5m, indicating a great relationship with the counterparty.
- Rough maths says that they'll clear the trade payables and reduce Crimson debt to circa $15m at EOFY, while retaining a cash balance of circa $4m.
- June/July drill definitely seems feasible at this time, given the slight lag in receipts (seem to get a months worth just after end of month) and big assumption of 60 day supplier terms.
- Drilling applications remain unapproved, but company still expecting them.
- Finance discussions must still be happening.
- Focus appears to be on getting other leases drill/sale ready.