Not a whole lot new, good to see them mentioning FEED studies but maybe that was already mentioned before?
$16M this quarter, wow, with $50 in the bank.How are we going through 16M,
Maybe this whole PE thing is sucking up a lot more funds that expected or was there some one off expenses?
Tony going off the quarterly you are correct in saying that things won't go very FAR
with drilling now pushed out by three months, nothing on DJ and it Gives no valid reason as to why for either, in true FAR fashion. PE situation you would have to think.
$16m seems like a lot. I think the usual quarterly burn was $8-10m?
Worst case another $15m for next quarter, the same again for Q1.
That leaves us with $20m in the bank for possibly 3 wells.
Ammmmm no Cath were not fully funded for the drilling program and if we
are we are by the skin of our teeth and CR will be on back of hopefully more successful drilling.
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