Also have a close look at the second province that they will be spending money on as well.[/QUOTE]
They will be looking for farm outs and joint ventures for the 100% owned province.
Things look bad today with the oil price obviously, I wouldn't worry about the cash disappearing in a hurry. They will try and prove up as much as they can with the $10 mil spend and when things look better (hopefully later in year), deals can be made.
Money should be coming in as part of the first Thai sale, maybe not as much as hoped with oil drop, but still.
Anyway, watching daily movements is a headache, particularly when it drops, but I think what they have achieved in the last 12 months has been impressive and well timed.
Let's go Apache, bring on the results and get that rig going. Don't let the oil price affect anything just cause where looking for oil.
Dyor
Also have a close look at the second province that they will be...
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