If we have a significant find on Well#2 they “may” put Well#3 and Well#4 on hold to preserve cash and avoid any unnecessary dilution. We do not have to proceed just because that was the initial plan.
A positive result on Well#2 will provide our Management with many alternatives in relation to funding and what direction they may take.... Until then let’s just wait and see......
Good Luck All
Ann: Exposure to Uruguay increased by 22.9%, page-150
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