News Flow from 21/7/22, page-3

I recently asked about W12 8E progress and was told if restart was to be delayed further, they would have announced to market and it remains within time frame of initial announcement,
I think Distb ann will be made in August with FY results and pmnt in Sept. Allows for another 3 months of cash build
With the exploration well , my guess ( and it is a guess ) is news flow could be as early as next week if they penetrate the initial target and its found to be oil bearing as this would be price sensitive and require immediate release
Another important component is guidance for 22/23. this will be a huge step up from last year and may make the market stand up and take notice

The great news is they went into last quarter with 27.5m USD in cash , last quarters cash flow would have been sufficient to pay for all of 8E while also growing cash. The delay in accessing a drill rig for development drilling also means 13-14m USD set aside for this has not been spent. We are fortunate to have been able to drill all of of 8E 12 plus an additional exploration production well. This will becomes a producer ( highly probable) and will largely compensate for the production increase expected from Beibu which has been delayed