Cash burn is very limited, no doubt due to JV partner paying 85% of Zapato costs.
Post options exercise the company should have circa $50m cash less a few mill towards Cuba expenses.
"An estimate of oil in place and prospective resource for the Marti structure is expected from independent expert McDaniel directly".
News flow should continue next week, with luck starting with a TH on Monday re Zapato oil inrush.
Ann: Quarterly Activities Summary-Period Ended 30 June2022, page-7
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