Also would it be fair to say they probably could have raised for less given there’s $7m in cash available. That may indicate to me they need to keep some powder dry for potential farm in funds needed for other licences. Particularly Boaz with Equinor, that’s a large potential resource and as indicated Equinor has committed to 30 odd drills.
Ann: Acquisition of discoverd oil fields offshore - Timor Leste, page-10
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