Cash good until Xmas - will then need to raise funds somehow.
There is a report out that indicates Shell is pulling back in Namibia but good news is that Total is proceeding with Venus-1.
It will take up to 3 months to drill block 48 so expect drillship to head to Namibia in August with Venus result now not until November.
https://www.offshore-technology.com/features/deepwater-exploration-what-it-takes-to-drill-really-really-deep/
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Ann: Quarterly Cashflow Report, page-2
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