szaba
Linc also say in the latest quarterly report that net cash outflow for this quarter will be $23.5M. They are planing on spend of $63.6M which means they are expecting revenue to be $40.1M for this quarter.
Now Net bopd was approx 2800 at 1st oct 2012 so even if they achieve 6000bopd gross by end Dec they will only have an average of approx 3700bopd which at say $90 is NOT going to achieve the $40.1M revenue.
So my point is how can you believe their numbers anymore.
Also note that no interest payment is in this quarters numbers as I assume they pay quarterly in arrears, so next quarter will have $7.5M in interest on top of whatever spend they have. So this quarters spend is abnormaly low re No Interest payement.
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