Just read the quarterly again for more clues.I feel like the...

Just read the quarterly again for more clues.

I feel like the writing is on the wall re Myanmar as they stated. "TTE has formed a joint venture in Myanmar with a local company, which it has been working closely with for some time. The local JV partner will hold a minority stake in the JV bid".

The conclusion I take from this is they have written agreement in place with a local company should they win a bid for one or more of those 18 blocks which suggests to me that oil companies have known about this plan for sometime.

I found two news articles which, one for 30 offshore blocks and one for 18 onshore blocks which states that this bidding round has been "long-awaited".

Jan 2013
http://www.reuters.com/article/2013/01/18/myanmar-oil-idUSL4N0AN3KN20130118

Mar 2013
http://www.rigzone.com/news/oil_gas/a/124780/Myanmar_to_Launch_Offshore_Oil_Gas_Bidding_Round_in_April

Also just on the Quarterly ann again on page 7 in the Corp financial it stated "subsequent to the end of the Company announced it would undertake a capital raising to support drilling activities in the USA & Australia"

That is not a typo by me that is how it appears in the ann so does that mean the cap raising is not for Myanmar but for the drilling in USA & Australia?

Left me a little confused.... again... what do you think? I have not contacted company before but wondering if I should re this statement? What do you think?