ADX VIL XST

Ann: Sidi Dhaher Operational Update , page-10

  1. Good Oil
    5,933 Posts.
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    22/08/11
    11:05
    Post #: 8853490
    Osi , what is relevant here (if SD spuds) is the lack of cash in all JVPs (save for Gulfsands) as far as I can see , CRs will be required all round imo , the geology is tricky , witness Lambourka and more recently Menzel Hurr-1 (60 day drill onshore). The funding partners need plenty of cash for relatively common delays / downhole problems imo.

    Only question is what price(s) could funds be raised at in this current environment?

    DYOR

    ADX Price at posting: 10.0¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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