We appear to be very close to cash flow positive at current production.
Cash balance circa 200-250k down on last quarter, with 8 workovers costing around 30k each. I wouldn't mind knowing their plans for this quarter and next as reading between the lines, not all workovers are as successful as others (not surprisingly).
Hopefully they release a company presentation/update sometime soon so we can see where they are heading with this. Profitability would make me feel nice and fuzzy inside.
Ann: Quarterly Activities Report Q3-16, page-3
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