Dont forget, we've still got leftover cash from the GGE distribution and Xanadu money. June 30 rep indicates 3mill cash in hand, with quarterly expenditure forecast of 1.7mill. Leaves 1.3 mill.
Very rough numbers...If $500K goes to gas pipeline, and another say $500k for the four extra tanks, it leaves us with the deposit on Rex-3. If we produce at 500 bopd from Rex, thats CD25k/day in the pocket, which makes it around 3 months before we get enough money to pay for all of Rex3. Getting it done before Christmas? ...will be a Christmas miracle. Bring it on santa!!
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