Two things the money will support and reminder the well they are now drilling is not only a discovery well but an appraisal well as well.
”The funds will help support the drilling of the upcoming Mukuyu-2 appraisal well”
”Funds will also be allocated to support the recently awarded CB23 seismic campaign, which will aim to mature a number of already identified leads to drill-ready prospects as we look to unlock the upside potential of our wider basin master position.“
They have enough and if they need more after discovery then it will be north of a 800 million market cap exactly what MAY did with their huge cap raise. SYA raised 3 months later and the share price was 70 percent high on SPP shares. Still going to rerate it’s too cheap and undervalued
