Will cash last them till production? Depends on a range of outcomes. Will the farm-out of Kreyenhagen Deep shale oil project see cash come into the company? If yes, that could go a long way to funding the Kreyenhagen shallow heavy oil project. If Paloma is a commercial oil project, will they develop with Neon, or will all the majors circling their acreage bid them for the asset? Which would see cash in, rather than cash out for development. The company is focused on progressing the Kreyenhagen shallow heavy oil project. There is potentially a number of ways to skin (fund) that cat.
SGY Price at posting:
$1.28 Sentiment: LT Buy Disclosure: Held
