The other thing that concerns me is the 24m in expenditure in the last 6 months. Especially when they were supposed to be free carried to 13m per drill.
What on earth have they spent all that money on?
There was the GM cost overrun + however much they will need to fund when they eventually get another drill rig.
Seismic at Merlinleigh
Board fees
What else?
how many drills & frack spreads in australia?, page-8
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