Grounded Lithium Announces June Oil Sales and Secures Loans to Fund Oil & Gas Facility Improvements
Grounded Lithium reported June oil sales averaged 123 barrels per day, consistent with previously reported volumes and supporting the low-decline production thesis. The company secured an unsecured C$106,000 loan at 12% annual interest to help fund facility upgrades estimated at C$263,000, with partners and a vendor covering the balance.
Key figures
- Interest rate percent
- 12
- Vendor loan amount cad
- 86000
- Facility loan amount cad
- 106000
- Oil sales june bbl per day
- 123
- Working interest glc percent
- 30
- Facility upgrade cost total cad
- 263000
- Working interest analogy capital percent
- 40
- Working interest unrelated third party percent
- 30
AI analysis
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