pogly, page-9

Hi Sam11212,
Just re-read the announcement

"Financial
Cash on hand at 31 March 2012 was $5.7m. Cash receipts from oil & gas sales for the quarter totalled $0.8m.
Revenue before royalty payments for the quarter totalled $0.7m. Cash receipts are higher than the reported revenue due to cash receipts from sales being disbursed net of royalties and the timing of working interest holder distributions by the operator.

Subsequent to the end of the Quarter, pursuant to the terms of an unsecured convertible note facility with Belmont Park Investments Pty Ltd, Pryme repaid in full the outstanding amount of A$4 million plus interest. The Company is now debt free."

So looks like $1.7M in the bank, plus $800K coming in during the qtr from existing production well sales. Outgoings are $1.3M in expenditure for the Qtr. So we should get through the Qtr. Not sure if the $4M loan facility is still available or was part of the convertible notes.

Desie101