Regarding NWE and funding for the upcoming program - it certainly seems they have the initial (3) wells covered as per their 30/9 Quarterly Cash Flow Report - about $2.6m in the kitty (after the recent $2m raising) and $2.6m going out in the December Quarter for "Exploration & Evaluation". Advance payments no doubt to the Operator. Seems a lot for just (3) wells for NWE's interest?
An issue seems on the cards in due course especially if the drilling goes well - I recall hearing on the grapevine that it could be a rights issue to existing holders with a free attaching option. Just hearsay but I guess this would be the way to go if the initial wells are sucessfull. Good reward to shareholders!. Hopefully the share price will be well above 8c at that point.
HDR
hardman resources limited
Regarding NWE and funding for the upcoming program - it...
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