Ann: Sale of Beehive Prospect, page-19

scoe00: The $16.5 m cash on hand in the l8/2/21 operations update is committed to funding MAY's 15% commitment to CUBA operations. You may recall that when the farm out was completed with Sonongol, MAY's 15% commitment to funding was only "substantially " offset by the farm out deal. I think the sale of Beehive's initial payment will be used to cover the balance of the Cuba commitment and what is left, will remain on hand to cater for any cost overruns, should they occur operationally on the drills, or other circumstances like any further costs that may have been incurred through Covid 19. What is left after both drllls are completed, and in a success case, will likely be needed for future commitments incurred at 30% By then, however, let's hope MAY's share price will be high enough to go for a meaningful CR without swamping the dilution that any such CR would bring. IMHO only DYOR Cheers!