Cap raise at these levels wouldn't get them enough to drill even one hole.
I actually think their approach is ok at present, they've got a small working interest in couple of drills and if they third parties that are drilling succeed then naturally there will be greater interest in ATS. unfortunately we are in a recessionary environment which means there's probably some hesitation still about around partnering. Think we need the inflation issues to subside and get back to growth phase macro economically.
$100 Oil by year end?, page-471
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