An increase in cash receipts due to revenue from Kiliwani North may not eventuate.
It depends on the arrangements of the JV partnership have in place. It may be that income received is retained in the partnership to cover further exploration costs, ie drilling of Fangove (sp?).
If so BUY would, based upon the accounting standards, have revenue credited to them but no actual cash receipts.
We'll need to keep a close eye on the notes to the financial reports, may not get mentioned in the quarterlies.
Ann: Quarterly Activities Report and App 5B September 2015, page-14
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