An issue which concerns me is the company is not fully funded to complete the 3D seismic survey following the well testing operations and additional sum of money will need to be raised to cover the cost of drilling a well in the central fairway or the basin margin. So, if there is a threat of a cash call, it might yet again subdue the momentum in the rise of the share price, just as it did following the discovery announcement.
2 * $A15 million will have been raised for long lead items, 'preparation for 3D seismic' and to cover the cost of well testing. My initial impression is that it appears to be an expensive well test.
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