the Quarterly Report is “scare tactic” enough. The company is fast running out of money. The new $5m will get them thru some critical milestones, which is expected to get them the farm in/JV partner they need. Without that partner, the outlook for financing any more wells is not encouraging.
The joys of small scale, independent wildcat exploration. Always teetering on the edge, rarely a chance to kick back and relax. It’s a wonder Scott’s not an alcoholic
Ann: Quarterly Report & Cashflow, page-48
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