11-15-2012, 09:58 AM
Aside from my above Paragraph the financials from the quarter looked strong and were much better then they were last quarter. We appear to now have sufficient cash/credit on hand to get us through for a while. I'll be interested in hearing tomorrow where we stand on the early monotization efforts with PRE b/c that would add additional cash to our balance sheet.
Another note of interest is that we raised the value of our assets by 18% this quarter and the company attributed this increase to an increase in the value of our assets and fields. They don't break down which fields that 18% came from BUT as a company engaged in a SD its always good when your assets are increasing in Value during the negotiations.
Another note of interest is that we raised the value of our assets by 18% this quarter and the company attributed this increase to an increase in the value of our assets and fields. They don't break down which fields that 18% came from BUT as a company engaged in a SD its always good when your assets are increasing in Value during the negotiations.