RE: RE: RE: Guidance required...... See if this sounds reasonable then, using broad brush assumptions :
a) exit 2012 with 1350 bopd and $3.5M working capital deffciency ( assumes all Q4 cash flow goes to putting new wells on and waterflood capex )
b) exit cash flow from operations is $3.5M per quarter.
c) net well cost is $2M onstream ( per prospectus)
d) cost of new 4 wells licensed is $8M . Yeilds 500 bopd net.
e) Plan for 1H2013 is to drill the 4 wells and put onstream.
f) Capital required is $8M less Q2F2013 cash flow of $3.5 or $5.5M net. Q1F2013 cash flow dedicated to bringing working capital defficency into line by March 31st for bank requirments and not available for exploration.
g) New issue in January of $6.3M at 70 cents per share. 9M shares issued - new outstanding is 75.7M .