Despite relatively consistent production, net revenue for the quarter, on a WI basis, was approximately US$14.5 million, an 85% increase over the prior quarter.
Also contributing to the increase in revenues was a 40% increase in crude oil prices and an 80% increase in natural gas liquids prices
Operating Cash Flow – The Company had positive net cash from operating activities of $0.5 million for the quarter ended 31 March 2021.
Otto’s cash on hand at the end of the March quarter was approximately US$7.8 million with a closing debt balance of US$13.8 million.
Net debt is only US$6.0M
Ann: Quarterly Activities and Cashflow Report, page-3
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