I'd suggest the $1.1m burn last quarter is pretty low due to lack of exploration activities.
We need wells drilled before we move into production which will mean a much larger cash burn when / if they get drilled.
Double edged sword really, we need wells to produce, so will need money to drill or if we don't drill wells we won't be producing.
Either way as per my previous unpopular downramping thoughts shared on the matter a CR is imminent, hence the reason I offloaded a good few at 3.4 and 3.5 the other week.
BNL Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held
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