Depending on oil production and price they may be able to do it with the addition of a small loan to get them across the line. estimated costs were $5.5M and they had $2.8m on the books ending 31st March. Tad optimistic I agree but the possibility is there and the $5.5M costs are spread over the next 6 months. With current monthly cashflow I don't see them having an issue getting a loan to get this thing moving on VARN.
Depending on oil production and price they may be able to do it...
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $4.082M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $7.58K | 1.894M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5966666 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 1000000 | 1 |
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| Last trade - 10.21am 27/06/2024 (20 minute delay) ? |
| WEL (ASX) Chart |