I've had a proper watch of the video now and people believe people are still confused. The facility was setup by Sonangol to pay their share of the drilling and in AP's words they are relatively up to date. At around 51minutes.They wouldn't be looking for a farm in partner if they had 39million left.
These are AP's words
Its amount that can be called under the approved budget. Sonangol is reasonably up to date
Amount owed was 30mill in march received 20 million during the quarter
Made some more calls and position is about 27 million which is all the funds needed now for the completion of the last well
Why did MAY initially fall over 25% after the webinar, page-66
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3.2¢ |
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Mkt cap ! $107.8M | |||
| Open | High | Low | Value | Volume |
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| MAY (ASX) Chart |