MOG 0.00% 0.5¢ moby oil & gas ltd

The September quarter cash flow shows cash on hand of...

  1. 3,935 Posts.
    The September quarter cash flow shows cash on hand of $2.034m.

    Estimated expenditure for the December quarter is shown as $1.1m.

    The sale of %5 of Artemis settled in the December Quarter for US$7m.


    "Towards the end of the previous quarter, on 10 June, the Company announced that Rankin Trend had
    agreed to sell a 5% interest in WA-360-P to MEO?s subsidiary, North West Shelf Exploration Pty Ltd,
    for US$7,000,000. During the quarter the necessary regulatory approvals for the sale were obtained
    and settlement of the transaction occurred after the end of the quarter"

    Looks like they have $8m to me.

    What have I missed?
 
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Currently unlisted public company.

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