whats missing is this factif the oppies dont get cashed inthe...

whats missing is this fact

if the oppies dont get cashed in

the company wont get 60 odd million dollars from the oppies to fully develop the field

to raise 60 million dollars the company would need to do a share placement of around 2 billion shares to raise that amount at current share price

share price would not increase on 1mmcf

based on $3000 a day in income it would take around 5 years of that revenue to drill just one more well

$3000 a day in income is not enough to sustain a sizeable loan to drill more wells so a share placements of billions of shares would be imminent

the oppies not just need to get over the line - its a must get over the line

basic mathematics is whats missing