88E 0.00% 0.2¢ 88 energy limited

It's far from over, page-10

  1. 970 Posts.
    *$18.7M cash outflows this quarter on expenses shown below, leaving $13M left.
    * Includes amounts relating to lease rentals, lease acquisition, seismic acquisition & interpretation, G&A, G&G, expenditure on Icewine#2 operations including potential refund to JV partners for activities achieved under budget.

    Loan facility of $17.7M fully drawn down, details shown below.
    *On 20 August 2015, 88 Energy entered into a credit agreement with the Bank of America. The facility is secured by available Production Tax Credits.

    Company is now dormant for 6 months and at todays 2cent level, the market capitalisation on its 4.65 Billion shares on issue is $93M.
 
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