RRS 0.00% 0.1¢ range resources limited

bartm, five million of the current expenditure was spent on...

  1. 4,312 Posts.
    lightbulb Created with Sketch. 144
    bartm, five million of the current expenditure was spent on long-lead items which will be distributed equally between both basins. There are other significant costs that relate to running AOC which will not be attributed to exploration expenses. Many of the expenses relating to the seismic have been incurred, so the following quarter should see a decrease in cash burn, I would think!

    I also don't believe it's in AOC's best interest to waste money in the current environment, so they'll be keen to get maximum bang for their buck.
 
watchlist Created with Sketch. Add RRS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.