Agentm,
in about 9 days time hopefully I will have a lot more answers.
In my mind to increase their w/i in this current well and the sorounding 1280 acres plus pay 75% of the costs for the lateral/frac etc will cost antares $4m+.
Now thats about 1/3 of their current capital raising.
All I can say is they must be confident.
Richard Elliott a former director of arc energy has entensive experience in the oil/gas industry.
James has a strong background in finance.(ceo)
Lets hope hes good at raising cash as they are going to need a whole pile of it.
All the best.
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