cash position, page-45

Correct Adds4 , the market has fully factored in 1000bopd production in the current SP and therefore anything less than this (in a timely fashion) will meet with selling. Likewise AndyDragons summation that there is alot of stock yet to be exited from the RI makes this a scary picture. Having looked over the more recent company presentations I must say I have never seen any company 'rely' so much on a highly unlikely options conversion (8c in 5.5 months) to raise $24m and fund further drilling etc , any broker/insto being presented this pie-in-the-sky business plan would find it highly amusing at very best. DYOR