and now this too, page-5

Drilling a horizontal well will have to wait until after the US winter, probably around March or April next year.

In the meantime, if they can produce 100 or 200 bopd from the current well that will be enough for them to arrange debt to fund the well.

Also, success with this and Kakadu and a positive FID for Grieve will all boost the sp possibly close to $1. I would not be against a placement of say 10m shares at 80cps if it meant we could keep 100% of Grieve (chemical flood and upper sands) as well as retaining 100% of Ash Creek. It would be easier to fund all these through a combination of debt and equity.