30.2 million invested in Balai - we know this is coming back at least at the 100 percent level
Add cash of 14.7
Add payments for assets sold but cash it received and we we have about 55 million dollars in cash Inv and receivables. Tax payment this quarter was disproportionately large due to prrt levy for last year prod.
The prod figure was partuclalry pleasing as was the sales revenue result
As mentioned no more Bmg expenses. This year will see all cash reinvested back into the business for Beibu and Balai. The benefits of this will be seen in next years cashflow and profits when prod is circa 9000 bopd and development costs for Beibu have been largely expensed
Looking forward to increasing news flow as project finance and very active drilling kicks off
So far so good
30.2 million invested in Balai - we know this is coming back at...
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