GREY:SDRYF - Post by User
Comment by
Whitehellon Aug 25, 2013 10:35am
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Post# 21695987
RE:Revenue from Egypt
RE:Revenue from Egypt
did you meant the revenue from the sells to Ganope and EGCP ? if so, most of their A/R are from those two. On page 34 of the FS, you can see the split of the A/R and 8,4 MM$ (Up from 7,4 MM$ in december) is due from the Egyptian government... I think, like Transglobe, they'll have some difficulty with the current situation to get paid, i'll probably raise quarter after quarter with the current situation in Egypt. They were able to collect 2,5 MM$ from the gov. so they do get paid at some extent, just not enough to lower the A/R... just Hope it doesn't get up to 225 MM$ like TGL.... lol...
white