Following the drilling shedule at least in December they will operate with two rigs simultaneously (at Rayburn and at the two exploration locations) - cool.
The current (30. Sept.) cash balance is A$11 million and $5 million loan facilities are left (I expect/hope that STX will have an increased loan frame, when they announce the reserve report) and the cash balance should increase in the current quarter by another A$4-6 million.
Therefore they should have about A$20+ million on hand at chrismas - I really hope that some corporate activities will come on the table in the coming weeks - so many great opportunities in the market ...
nice day for a reserve announcement, page-9
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