drilling , page-9

Hi BrunoR,

EXE only has to find funds for the next 16 months or so at which point the conversion of listed options will add considerably to the coffers, but with a fair amount of dilution.

EXEO 73,976,250 are listed with a conversion price of 20 cents. The last date to convert is 31/03/2010. At this stage Exoma should receive approximately
$14.8 Million dollars if all the options are converted.

EXEOA 153,976,250 are listed with a conversion price of 10 cents. The last date to convert is 30/09/2011. At this stage Exoma should receive approximately
$15.3 Million dollars if all the options are converted.

So taking these figures into account Exoma needs another $15 Million dollars to fund its 4 year drilling program to 2013, as they have put an estimate of $42 Million dollars on this program previously(please check this point).

So hopefully a smallish rights issue and/or a farm-in to only 1 of the ATP's should do it.