this quarter they burnt 100k cash in operations but that was without these two large wells online for most of the period
what do we expect production on these in the March quarter that we didn't get in Dec quarter?
that is likely to be the cash operating profit and therefore net cash growth for next quarter.
this time marks the low point in their cash holdings where they've spent on the wells but haven't got the cash returns back, but also a derisked stage as the wells have now just started producing.
Ann: Quarterly Activity and Cashflow Report, page-9
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