Cheetah running from debt

STRUGGLING Nevada corporation Cheetah Oil and Gas may have to sell its 10% stake in six PNG petroleum licences to partner LNG Energy if more financing is not forthcoming.

Cheetah running from debt Cheetah running from debt Cheetah running from debt Cheetah running from debt Cheetah running from debt

In its second quarterly report, Cheetah noted a net loss of $US231,286 (K588,877) over the six months to June 30.

The company also reported a negative working capital of $US428.

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