almost a bullseye, page-9

Oh stuverine .... you inveterate cynic you.

Well it is certainly true that with a number of wells to be drilled on the drawing board, or on the radar at least, then funds have to found somewhere.

There certainly isn't enough in the piggy bank to put in the slot machine at the moment let alone fund QPN's share of even the cheapest well option.

It needs to keep as much a percentage of the wells on offer as it can so that it gets a good return if it manages to get a commercial strike in one of them.

The 5 % of Bullseye has been useful, and would have beeneven better if the Cib Haz had produced. So it needs to keep around that 20% in Guijarral hills well and the 12.5 % in Osso Bucco and Merlot so that the return is a good one.

I would not mind a bit of a capital raising via "sophisticated" investors at this stage if it was to give QPN an opportunity to progress several well drillings and give it the chance to make that breakthrough.