all a bit of a mystery....

It shouldn't take two days to announce a financing arrangement surely. I 've looked at the press release again and what we are waiting for is an announcement "relating to the financing of" etc, etc.

It does not say a share placement or farm in but I suppose it doesn't rule them out either. I am not sure 1bp that this is a deviation from Fern's strategy. He did say recently that PSA would project finance China so an announcement on project funding would be consistent with this. On Vermilion however he has said before that PSA would fund it.

Still we will all know soon enough. Has to be an announcement before ASX opens Monday morning unless they ask for an extension. Thing is they have been drilling now for almost a week so should know what is in some of those shallow sands.