With the EGM having now approved the note issue, SGY have >$5m...

With the EGM having now approved the note issue, SGY have >$5m cash in bank, and potentially more if the sale of the non-core Maricopa asset closes.
They have capped their expenditure on Paloma for a slight reduction in equity to 15%, and the flow test on Paloma Deep 2 will soon reveal the commerciality of the discovery.
As per operator Neon's last update, a contingent resource of 5mmboe (best case) to up to 10mmboe (high case) net to Solimar is still the current best guesstimate.
However, given they have located a potentially new pay zone at PD2, it's quite likely this can be well and truly exceeded.
The picture should become a lot clearer in the next month.