SEPAC Webcast: $15 million cash in Canada https://crownpointenergy.com/webcast.php
From the webcast, as I recall, the company has $15 million in cash in Canada (15 cents per share), no debt, current cash flow (before exploration) is $1 million per month (12 cents per share annualized at year end), and forecast production growth of 50% for 2013. The cash flow is sufficient to fund proposed exploration and developement for 2013. Maybe I can infer that next year's cash flow at year end would be close to 18 cents per share. Please note: I did not take notes when I listened to the webcast, so I plan to listen to it again, and my numbers might not be correct, and I make mistakes sometimes, so check it out yourself to confirm..
The Vaca Muerta shale play is a "lottery ticket" of sorts with potential of 250 million barrels, but so is the political scene in Argentina. The natural gas price outlook is good, I think, in that Argentina is moving towards a free market and world prices. The poltics are shaky, but so it is for oil and natural gas operators in New York State, Quebec, Uganda, and other areas.