The Company’s near-term objective is to increase production and cash flow while reducing exploration expenses. To achieve this objective, NZEC will prioritize low-cost, low-risk opportunities that are expected to bring near-term production and cash flow. NZEC’s objective is to organically build up working capital through internally-generated cash flow. Once the Company has established a strong production and cash flow base, the Company can again look to advancing higher-impact operations, such as drilling new wells.
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