God news first, they will earn enough to pay for the September drill without touching any of the capital raising .
2. Earning will increase as they cut tax to 3%
3. We have started to process to work out though fraccing how to reduce water content.
Besides that if they develop the H system it will earn money maybe not at we expect about 4 or 5 more wells should see a mil a month plus other wells.
I see it now as a bit of light at the end of the tunnel, but at least now they have and are doing something about the water cut.
Earnings now about 3 mil a year so that should take care of all admin and 2 free wells drilled on earnings. Which I know is not perfect but will look forward to moving on to the next drill while I know it's a pain and seems like a long slog. And it is I think we can see a light at the end of the tunnel with a few drills planned this year we should see the sp move up.
While not the most exciting play we shall see if we can slowly build on the 250g clear a month.
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