Current cash on hand is 3,750,000 with 340,000/month netting so...

Current cash on hand is 3,750,000 with 340,000/month netting so cashflow is improving from a quarter to quarter basis.

With all the issues arising from PB from 'testing' apparently I wonder if the initial flow rates were a fluke with the 3rd and 4th wells producing around 100 boed which is quite the norm in that part of the woods, go take a look at AZZ's flow rates to get an idea what their wells are producing.

I suspect that SG knows that he won't get 350 boed IP from either of the first 2 wells even with the 'testing' and new pump arrangement (remember earlier in the year when SG stated in an ann. that the pump needed changing, WHY) and has chosen to focus only on horis in PB.

If SG can't deliver on PB then he should sell the lease get some hard cash and focus on EF and other lucrative JV's (please no gge or vil) and get an increasing portfolio of oil and gas producing assets.