Ann: Quarterly Cashflow Report , page-8

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.