Thanks for the pollution credit dumbness drowing out other...

Thanks for the pollution credit dumbness drowing out other opinions.

The reason I suspect people have sold out is that the Receipt from customers was reported as only 628 K, and the cash position only increased by 202K for the quarter... But Receipts from Customers is not the whole story as it does not mention "Trade receivables or debtors".
I.e. their is around 1.61 million owed for the two previous quarters for new and old well production that has not been received yet.

The 6 month or annual report for period ending June 2024 should show this as money owed if not already paid by then.

So currently their is around 1.6 million owed, and their is going to be around another 1.6 million over the next 3 months so we should see another 3.2 million receipted or owed.(debtors are not reported in the quarterly).

The biggest debtor is suspect is Pinecliff, and their is a accounting principle i was told called contra.. meaning they could be holding back the money
and using that to offset the cost of new Pinecliff well options SHE has earned with the current Caroline well, and we know another poster has mentioned that SHE is in negations with Pinecliff over these wells options.

Im happy to hold for now and monitor.