Ann: Trading Halt, page-35

Odd timing indeed. Caveat emptor.

If there was an expectation of another staggering well test result from either WE4 or WE5, WGO would have waited with their cap raise until then - STX had done the same and decided to tap the market early due to the flurry of cash in the system during April. Will be interesting to find out what spin had been put on this during the pre CR roadshow, rest assured that they will raise the funds, otherwise they would not have committed to go ahead with it.

The banks and AGIG will not commit one dollar until they have the necessary proved reserves from WE. So another highly dilutive CR before the critical milestones announced, and unlikely to be achieved in time, only last month. This from WGO's UK investor update in mid May