great annuncement!, page-3

re: caution rqrd. - another share placement necess There's a short term cash hurdle to be overcome, however, reading the previous announcement, Onyong reserves appear to have been understated originally and that they are talking about 20000 barrels a day oil production which would give cue at au$20 a barrel $20mil cashflow alone. Not counting the gas etc.
They may have to carry out a share issue, or some sort of borrowing, or watering down the %.
Looking at the asset position they do have a chance of a financing instead of issuing shares. They have real assets being oil and gas, and in may they will know more on the size of jeruk.