Yes a good result - admin costs were $3mil instead of $2mil om my model and amortisation charges of $4.6mil were higher than I figured-they must have charged the recompletion costs instead of capitalising them. When taking into account the cash on hand it has to be remembered they've got $7.3mil in current payables-must comprise mainly royalty costs. Now we have to hang on tight for the result of the #A15 well by the middle of next week.And then maybe a decision on them going into ASX300 index to be announced on Sep12. But Vermilion drilling at the end of the year is going to be so important to reserves/production going forward-much more important than China IMO.
PSA Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held