In either case this extension gives potential suitors a bit more time to prepare for possible action.
Its a real shame that ABU does not have a rig in the ground right now, at perhaps Buccaneer to start infilling and proving to the market that ABU is in fact not a one trick pony... i.e Old Pirate. Plus a rig rig tackling Hyperion. There are quite a few explorers with less cash than ABU that are taking advantage of the very low rig rates.... Best way to try and get a better return for shareholders is to find more gold!
IMHO.
Ann: Change of Timetable for Rights Issue, page-3
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