cash backing about 14 cents?, page-10

Yeh liquid im anticipating that they will be looking back towards the structure. Tower doesn't have the finance to fund 75% of the next well. Its looking like they will either farm-out part of their 75% interest or relinquish the permit. Looking at brokers comments, they find it highly unlikely that Tower will get finance (from equity markets) for a third well. Prospectivity of the block has been greatly reduced. If we do get this third well, being stated by brokers, it will most likely be on the Iti structure. Tower said they would drill Iti again at a later date. Its now a waiting game, given the position Tower are in. Maybe management work best when their backs against the wall?