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Vero Energy Inc T.VRO



TSX:VRO - Post by User

Comment by filefishon Aug 10, 2012 1:47pm
202 Views
Post# 20204730

RE: Q2 info out

RE: Q2 info out

Yes, thanks for clarifing. In regards to the Bank line draw, looking closer at the 3/31 and 6/30 balance sheets, they went from a working capital deficit of 22 mil to a deficit of 9 mil , a net reduction of 13 mil. Of this reduction, they moved 10 mil to the bank line so a net + of 3 mil. That's consistant with the cash flow in Q2  minus the 5 mil spent on drilling. Lets hope for the best on the well results in the next few weeks..

 

 

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