Well they are only expected to spend just over 3 mil this quarter so plenty of money still in the bank...people really need to do basic research instead of making claims of CR ...here is a quote from the Namibia update in july
As part of Tullow Oil’s commitment under the late-2013 farmin agreement with Pancontinental, Tullow has carried out a 3,000 sq km 3D seismic survey and a 1,000 line km 2D survey at its sole cost. Pancontinental has retained a 30% free-carried interest through the surveys, at no cost to Pancontinental. To maintain its 65% farmin interest, Tullow must fully free-carry Pancontinental’s 30% interest through one exploration well (with no expenditure ‘cap’). Pancontinental estimates farmin expenditure of potentially up to US$130 million (100% basis) for the full work programme.
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