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Money Mike 1

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Money Mike 1

Re: tdbowieknife post# 15492

Wednesday, 09/11/2013 4:49:26 PM

Wednesday, September 11, 2013 4:49:26 PM

Post# of 21090
As of the end of June Hdy had $41.7 million in cash. So now we probably have around $38.5. After the first well is completed, lets say they start in March and finish in May, we will have $33-$31 million in cash. Even if there are no cost overuns on the first well, we may not have enough for another exploratory well.
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