A 3-7k SPP is a bit of a joke IMHO. Most are done at 5-15k. Too many questions as to the motives here. Why in the hell would you not wait for the SP to double, triple or quadruple before diluting holders again? If we are so confident we have an oil province in our leases, what's the point of offering a measley 3-7k worth at 8.6c when you could in effect be offerings up to 15k worth at 20-30c per share? Hence, one would then be causing less dilution, but raising much more cash. A no brainer i would have thought?
the 3k/7k lots, page-7
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