Ann: Addendum to Bird 13-18 announcements of 9 and 11 Oct 2017, page-11

It's amazing how these announcements of "early positive signs " always happen just before a TH for a CR. Once money is raised the flow rates will follow months later. I am willling to bet my left one that they will do a CR by end of the month, but most likely by end of next week. Seriously, who cares there is oil flowing into barrels . This will be the case in 90% of wells , but a big % won't recoup sunk costs. Will you be happy with 50 barrels per day IP or even 100 iP . Will that cover FPLs corporate costs - nope . So next well campaign will rely on equity. By the way this CR will also dilute shareholders by 15-20% and move the EV to 10m
Jouvra- 30c by Christmas hey . Hahahahaha.