Ann: SM71 F2 & F4 Operations Update and SM69 E2 Production Update, page-27

With significant bills remaining to be paid let alone current SM71 operations things could get very tight cashflow wise if oil drops further next week. Oil futures are looking fairly telling at the moment as per below.

Agree monday will look ugly for oilers particularly those with limited liquidity wouldn't be surprised to see BYE dip below 10c next week, their will be no hiding from the weakness of the balance sheet if oil heads back to the 50s and or G#1 or E#2 continue to decline. I expect the company will be looking at scrambling to hedge further near term production if oil keeps dropping.