We are going into a 10 well program next year. At about 800k per well thats 8mill. We have 7mill in the bank with increasing revenue etc. We are fine for at least the next phase of drilling. We are generating enough for 1 well per month so I see no major issue.
They will have to stop and relook every so often during any program as results come in.
The big one for me if we last that long is the pipeline cost for our increased production. That may trigger a cap raising but that would be seen as good.
ITC Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
