marksman back in, page-12

PC43,

Cash flow from operations for the quarter was $25.6m, and net interest was $2.9m, so servicing the debt is not a problem with production rates of 9k bpd.

plus the company had $27m cash at the end of the quarter, and undrawn credit of $11m

it's when you include cash for development/exploration, then free cash flow turns negative

so aed is stuck in a difficult position where it has no cash to undertake remedial action or bring new wells onstream

according to the quarterly development cash outflow is estimated at 75m for the current quarter. not sure where this will come from.

also according to credit suisse, production fell to 5k bpd in january which is very concerning, they need to get it back above 8k bpd