Been trying to work out where funding came from for SRH #6.
Going back to the quarterly, Cutlass was sold prior to 5/4/13nd monies received already with the adjustments to be made after the sale as I can make out.
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From the quarterly asset sales of $1.6 m stated, Cutlass I presume as was recorded sold and received and cash at hand at end of quarter was only $1.2m nearly as some was burnt off.
My guess Cutlass wasn't enough to fund the #6 well but some from oil sales OWED may have. Not enough from Lind.???? Oil sales were only meagre as non from 1 and 2 would have been included.
From the start of May what went into the kitty to fund #6 after a fair bit of expenditure on 1 and 2 and possibly more on #5.?
GGP Price at posting:
2.5¢ Sentiment: None Disclosure: Held
