Hi Holmes,
Great link, filled in a couple of gaps for me, thank you. GJ I believe refereed to this method during his latest podcast. In regards to raising cash for future drills. My understanding this drill is at a cost of $6m as opposed to offshore drilling costs of $80m from memory I believe. This Borba drill was to be the play opener, I don’t want to tempt fate. However if this is successful, GJ stated the tie in pipeline is “weeks not months away”. Along with this potential cash flow coming on board as well as the increased oil flow cash, maybe capital raises don’t need to be as much as anticipated? I may be off the mark here, but potential cash flow could seem to be positive
Big Ga$$$$$$$, page-370
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