cash flow positive oiler, page-8

re: finally but worth the wait watch it go I think they've got plenty of drill targets but to get on top of them they'd have to do a fund raising . Progression has been slow but I can see method in the way they're building up , let's not forget they increased their gas reserve by 250% in early 2006 . The drilling they're doing now is funded from production profits very unusual in a company this size so you've got to admire that . My reading of the game plan - drill Mosnov if you get something good , then go for your fund raising at a much better share price , more drilling cash in the kitty + less dilution , slower but better long term for shareholders . If initial drilling not as expected then they will have to go back to the market anyway for further work but probably not on the same terms .