$423,000 in bank, $394 cash outgoings leaves them with $29,000 cash at the end of June, and they have 10m options with an exercise price of $0.25 that expire on 24 June 2019 so they need to find another $2.4m to convert these.
Thank heavens they did a cash return, who would have thought that an oil and gas exploration company needs cash!
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