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6,673 Posts.
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31/07/13
22:21
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+ 20m cash from China asset sale
yes..but this offsets the loan facility draw down of $18m
+ reduced monthly spend of ~1m
that's what they say..just like the last QTR LOL
we will need to wait till the SEP QTR to find out
+ farm-out to fund shale development
will be the driver ..although they have been looking for quite some time
+ 100m project funding
as above they have already drawn $18m of that
So on a net basis they have approx $20m cash which should last 18 months if they are able to stick the $1m monthly spend
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