I believe CNE provided capex guidance of US$25m for 2018 for Senegal, that is roughly A$15m net to FAR which would see FAR through to end of calendar year 2018 for capex.
Current bank balance after the Petronas farm in will be (off the top of my head) A$40m+.
Assuming A$15m SNE capex and A$5m corporate costs to 31 December 2018 that leaves A$20m+ in the bank in 9 months time. Not including any upside/downside from the drilling costs bonus if costs come in under the Petronas well cap.
Doesnt sound like an exploration well in RSSD is on the cards anytime soon, which is another bonus to cashflow. Not aware of any other material external expenses for FAR.
I am confident we will get the results of A2 before any form of equity is raised via sell down, cap raise or otherwise. A2 is the potential game changer and for me getting the results of that well, before any dilution is of the utmost importance.
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