So we now have a draw down facility for $7.5 million.
Whoopdeedoo!
So we get this:
“More specifically, it is anticipated that the new funding will be used for the fracture stimulation of the #5H well this month, the frac completions in the Spraberry Dean intervals for the #1 and #2 wells, along with preparation work for the next round of drilling.”
Then what?
I guess we’ll have enough to pay some rent at our lovely little establishment in Melbourne, pay some very generous wages, and a few other general running costs.
$7.5 million is SFA really.
Certainly not enough to drill and frac anything – is it ????
The way I see it, we’re going to need a larger draw down than 7.5 mil. IMO
Thoughts ??
GGP Price at posting:
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