We were trading above $4 a few weeks ago. $4.50 isn’t much of a goal. Kiki
On your first option for the 12m in spending, wouldn’t they have to explain why they wanted to scale up the drilling, if that is the reason? If there is any hint that they have hit something decent, they have to announce it, not get their group through another round of cheaper equity first.
That’s why I doubt there is much to announce so far from round one of the latest drilling campaign.
Ann: Standby Equity Commitments Received, page-7
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