marc, you raise some good points and i think bur realize this to and is why they are looking at
re-entry wells.
their cost for re-entry would have to be less than $1mi.l while doing this they are also receiving revenue from the first 4 wells. slowly but surly they are building the bank balance.
but yes i agree wouldn't like to see a cap raise either.
also think where the sp could be after drilling another 21 wells.
mick
10mil cap revenue 800 000 per month, page-9
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