Based on my figures, which include a slight overrun of Heron-1 due to the G2G permit issue and then the cancellation of Velociraptor MATD will have net cash left on Dec 31st 2019 of 7.5m US$
Perhaps someone can ask Mike that on 12th November.
Production start up requires a couple of hundred thousand dollars only, just some facilities and storage tanks - everything else is there already.
.
(Note that the 16m US$ cash at half year end includes lots of advance payments for the drilling of RD-1, H-1 and G-1.......... long lead time items, deposits etc... all paid in advance. They dont just drill a well and pay the full amount on completion. Large part of well costs is paid in advance. )
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