But they wont have any money to do anything with Myanmar or stoliarovska.
With forecasted expeditures to be $3mil next quarter, $1.6mil in the bank and lets say they pull out a similar amount of gas of which they earnt this quarter ($3mil gross) then after tax we will actually be eating further into our 1.6mil kitty.
When I first bought into HOG they had $17mil in the bank I have watched that turn into $1.6mil over two years with two failed wells and not much else.
Administration costs are to much!
HOG Price at posting:
2.2¢ Sentiment: None Disclosure: Held