Spending was way too high for 1 quarter and little drilled.
Bad reality of Canada. Exactly why the company has continued with targeted drilling. Can't afford to lash out and go drill crazy. If they raised $15mll at 70c, different story.
Heinze side now. Just need some better finds. Then when the sentiment turns. Joy can return.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-9
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