I doubt you have enough for the next well. You have 9mil cash, outflow this quarter for 3mil which just pays for some planning , overheads and long order pieces. Add in another quarter of overheads and no way you would go into a drill with only 4-5 mil in the bank. I doubt stx would even let you, as operator of the permit they will have responsibilities to make sure you are viable and able to pay your half the bill otherwise often you forfeit your permit .( think neon years ago )
WGO Price at posting:
14.0¢ Sentiment: None Disclosure: Not Held