Post by
filefish on Jul 11, 2012 8:31pm
Debt free at 6/30/12?
At the end of Q1 Vero had about $1 mil drawn on its credit facility.They did no new drilling during Q2 until around the last week At the same time, they had cash flow from around 2300 boe/d production which would yield $7+ mil. You have to project that they would actually wind up Q2 with $-0- drawn on their line.. Lets hope they do show a clean balance sheet at 6/30/12. That would really help support VRO share price..