Gold Oil - Is this Black Beauty ?

C_Gull

Results show a loss of £374,000 for year end April 05 as you rightly said.

Emphasis has been placed on cost control so we can assume similar costs to date = 7 months to date approx £230K add on £150k for NPE = £380,000 to date.

£3,671,000 in bank as at end April
£230,000 operating expenses
£150,000 purchase NPE

Balance £3,291,000

There may be additional costs we don't yet know about but I don't see anything that's likely to have eaten up £291K since April, there is also a small revenue following the purchase of NPE so I would be very surprised if the balance had dropped below the £3m ..........YET !

Very basic, I know but hope that helps.

Spazzz