Ann: Placement and Entitlement Offer Announced, page-7

MB. I hear what you and hatmopit saying. However I'd like to be a bit of devil advocate here. It's positive Kerogen debt swap for equity but how about the senior loan note OCP? Why didn't convert their debt to equity too? Maybe they are not as certain as most are? Over subscription for Placement by new insto investors is also positive and interesting
In recent interview by DrillorDrop on one year anniversary of uk shale industry, Cuadrilla CEO Francis Egan was quoted:" ..We are confident that our exploration in Lancashire will result in a new indigenous source of gas which will bring significant economic prosperity to Lancashire and benefit our environment by displacing gas imports.”
This is very positive as before he always quoted the resource potential is promising but remains to be confirmed by exploration. Now the language sound very confident that it "will result in a new indigenous source of gas.." for uk and Lancashire locals. I guess time will tell if this turns good this year.