RE:RE:Asks are being slowly taken outThey still have some non core production they could sell. I was going to say Duvernay lands but apparently they threw that into the Ante Creek deal as it was gone from the Nov. presentation.
Not sure but seems to me Waskahigan production drilling 1 well/quarter covers all costs. Is it still connected to Ante Creek (I imagine so), I wonder what the fees are to process for ERF (must have gotten fleeced on that part of the deal as well).
Original capex plan was $45M which included 4 wells at Waskahigan, 3 at Gold Creek and ~$15M of infrastructure. If so, borrowings could reach $15M by year-end? Still within reason.
Beyond that, need a higher share price IMO to raise more money which can only be based on reserves I imagine. I'm sure those investors who put $35M in March 2016 only to see the Ante Creek deal go down will be happy to oblige.