Estimated cash outflows for next quarter $A�000 4.1 Exploration and evaluation 5,000 4.2 Development - 4.3 Production 7,600 4.4 Administration 2,000 Total 14,600 Note, forecast proceeds for the second quarter of 2011 are as follows: 1) Proceeds of USD $8.3 million from Galoc cargo number 20 lifted and sold in March 2011 were received in early April 2011, 2) Proceeds of USD $3.0 million from the final Tindalo lifting were received in early April 2011, and 3) Galoc lifted and sold cargo number 21 in April 2011, with proceeds to be received in May 2011 (pricing as yet not determined
So a very rough calculation. Opening cash $7M + $8.3M + $3M + $8m approx last lifting = $26.5M approx less forecast expenditure of $14.6M = Closing cash figure for the Quarter Approx $12M C
NDO Price at posting:
5.8¢ Sentiment: Hold Disclosure: Not Held
