wgp coal seam methane project evaluation, page-15

The good thing is AWE are taking care of most of the expenses for the first well, so we can survive a long time here without the need to cap raise, WGP would be better off waiting for that to occur with results released, and when investors see the possible potential of 100% owned DR11, cap raise at that point because then the SP will be 15 - 20cps on the back of our 13 to 20 TCF of gas flow from EP455 and then dilution will be minimal, which is what we all want including the directors.

No fear of cap raising until after EP455 would be my bet, and I?d put good money on that.