the interest on $15m would be about $1.2m pa. With 4 wells online flowing a minimum of 2mmcfd and more likely to be 3 - 4mmcfd the income would be about $5 - $7m pa before costs.
The royalties still hold a future value which can be used as security imo.
crying :~( loosing alot of money with gdn, page-35
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