RE:RE:RE:RE:Got what we wanted: 2 pro-rated listed companies & full ROC Need a bit of correction, I was assuming full usage of the rig throughout the quarter. I expect them to generate about 4 mil in cash this Q which takes their cash load to 61 mil which is roughly $1.25 in cash by end of the Q. Take 38 of that out with ROC, you have roughly $23 mil in two businesses.
Canadian business is cash flow positive and 8-10 mil will be enough for another accretive accquisition and scaling up. Team snubbing should be operating a full capacity this Q and I expect minimum 600-700k contribution from them.
PNG business will need more capital to get started once drilling is back.