raises $16.67mil at $0.027, page-20

I suppose they had no other choice really in today's conditions, like it or not that is the reality, being able to raise what is after all a decent amount of money has to be a positive in some ways, at least now they will be able to drill those other wells without undue financial pressure and the required timeframe constraints being placed upon them, the alternative would have been administration I suppose, now they can at least put their programme forward with more surety, the shares on issue after the raising is not such an issue at this critical level of development if you consider the alternate consequences of losing the block would have been. At least it's all out in the open now and perhaps normal trading will now be possible.