Oh no, if thats the case the company is pretty much screwed. 1/3 over $33m will leave them with no money - I read $11m in the bank - $3m guarantee and 1/3 of costs over $33m adjusted for the $7.5m held. That would leave about $8m if the cost was $73m. Which would drop the stock. Anyway - it doesn't look good. No options with no money. You can't survive in the oil business - especially in Africa - with no money.
Maybe the torched shareholders will pitch in again to pay another couple of years of directors fees.
Oh no, if thats the case the company is pretty much screwed. 1/3...
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