Reading between the lines, RL Energy is a conduit arrangement...

Reading between the lines, RL Energy is a conduit arrangement for both technical and financial elements of the exploration. I personally am not alarmed by dilution. Better to sacrifice a piece of the pie for a smaller one than to have no pie at all. In other words - years of stagnant growth and no progress. I know the Sydney basin has something to give and I am fascinated by the whole process. This is a stock not for the faint hearted, do not invest more than you are willing to perhaps lose.