AJQ armour energy limited

We've currently got enough cash for 0.7 of the next quarter,...

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    We've currently got enough cash for 0.7 of the next quarter, that's pretty tight. The 5B notes are more telling than the QAR though, and states the 2021 work program expected to commence later this year. With the launch of the MOG IPO intended for Sept, hopefully completed late Oct, this, if successful, will provide the funding for the intended work program and then some. Jeez they run it tight though. Not sure what they're hoping for and what the argument is about regarding the poor results of the last campaign; restimulation would make sense. Maybe Condor are saying they were just following recipe orders.
 
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