Replies to post #24706 on 88 Energy Ltd (EEENF)

[PURA VIDA]

If I am not mistaken, the company still had close to 11MM $AD in the bank after drilling Merlin 1.
Now then you add the 2.6MM to that and there is still money to continue exploration this coming season.

There is a document somewhere that spells this out.... but I can't find it.

You can take the information in the document below, then subtract 88E's costs of drilling Merlin 1
and it comes out to approximately what I have stated above. (could be wrong, but seems to be right).

Source: https://clients3.weblink.com.au/pdf/88E/02364958.pdf