Just had a look.
Great acreage, especially with SXY fracturing Paning-2 soon. And a good drilling partners
But the financials are grim. It means they have very little bargaining position regarding a further farmin or takeover/merger. SXY don't need to drill before November, by which time they will have no cash left.
Seems like the need $2 million in cash for a buffer.
A question for the long-termers: can they get it? Have they burnt their bridges (like some micro-caps do) in terms of raising equity?
Any feedback would be great.
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Open | High | Low | Value | Volume |
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1 | 97500 | 0.031 |
1 | 400000 | 0.030 |
1 | 181426 | 0.029 |
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Price($) | Vol. | No. |
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0.038 | 100000 | 1 |
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