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Fresh Tracks Therapeutics Inc V.BBI


Primary Symbol: FRTX

Fresh Tracks Therapeutics, Inc. is not engaged in any business activities. The Company is in the process of dissolution.


GREY:FRTX - Post by User

Comment by Tuco110on Feb 16, 2017 12:05am
414 Views
Post# 25853070

RE:RE:RE:RE:More Drilling planned for 2017!!

RE:RE:RE:RE:More Drilling planned for 2017!!As at Nov 30 they had about $30mil. I figure they had the facility cost half covered and that was $16mil so subtract $8mil, $5.5mil to D&C #4 well, same for #5, #6 well has been drilled but not completed, so maybe $3mil. Add it all up and I get $22mil spent, so $8mil or so left.
Don't forget that after we start producing and get an updated reserve report, the bank facility will go up, probably to the $7-$10mil area.
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