icn - dyor - understanding shale & lng, page-24

C'monaussie
Very impressive research - the most informative and realistic posts/ research I have seen for a while on the shale gas story . I love the positivity and the realism of capex , stage in development cycle , risks and upside .
Halifax needs to be good for a couple of reasons, do ensure the aggressive exploration continues to prove up the required TCFs for the GSA but equally as important is ICN will be funding most of this if not all through equity so a poor or average Halifax result may result in SP punishment this resultng in greater dilution and upside destruction . Before I am shot down by a certain poster I am referring to money needed to get to TcF reserve stage not after this has been achieved