At 10% interest sounds very good, considering 2 new wells should push the price up to the 10c. oppies then $4m. in March leads to more wells so 7c. conversion will be a bonanza for the Note holders.
I am hoping for at least 15c - 20c in 12 to 18 months with approx 10- 12 wells producing earning enough income to fund continuous drilling.
Ann: Target Secures Funding , page-3
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