Shoal Point Energy Ltd C.SHP

Working capital.

[barryt34]

Working Capital 

Working capital represents the difference between a firm’s current assets and current liabilities. Working capital, also called net working capital, is the amount of money a company has available to pay its short-term expenses.

[mainerisk]

Current liabilities are a company's short-term financial obligations that are due within one year or within a normal operating cycle. Current liabilities are typically settled using current assets, which are assets that are used up within one year. That being said, Working Capital is not cash.  During a one year period who is to say what cash might be used

[barryt34]

I never said it was cash. I said it looks like they have enough to drill the next well. If you call that pumping. Oh well.  Good for you and the way you spin a comment.  I'm not a professional but I do read all the reports and try to keep up with the data. I own 2.3 million shares. I'm not getting out of this company anytime soon. I need them to hit oil. The two statements I made