quarterly, page-49

Fleasbarn - my view is that they will continue to burn net ~$5mm / quarter drilling production wells so cash at ~$25 - 30m in a year.
I think production rate will start falling pretty soon as they run out of drilling locations on West Schenk and they have to try to produce their 'reserves' on other leases.
Then the decline on these new wells will start to become evident to some of the posters on here who believe that the production trend will continue expotentially increasing.
The high impact program is unlikely to generate economic results (by this I mean that they'll likely have a couple of wins but they'll lose money on the program overall).
NPAT in a year likely to be in the $10m range. This is based on assumptions about opex, capex etc which I can't gain from the quarterlies as they don't disclose their quarterly cashflows in the manner that the vast majority of comparable ASX listed oil companies do.