Don't own, but have been in O&G a long time. My personal read is...

Don't own, but have been in O&G a long time. My personal read is that the setbacks in the drilling caused a rethink of the near term plans, and I understand those questioning and bemoaning the capital raises, but theres little a microcap can do in these situations. The long term plan seems to remain the same, and they do have a good team. They have smart guys driving this, with more research and acumen than you might imagine. I like the addition of Sundich to the board. He is very astute, and I believe him lending his gravitas and following his money is a good sign. Like I said, the team isn't the issue here. The CCS has so much value that isn't sufficiently understood by the market, it seems, and in some of the work I have done in the space with a very large trader pushing into carbon credits, the value scale is an intriguing prospect, to be sure. Anyway, I think 12-18 months is a reasonable timeframe for them to get going and as a c.$9M market cap company, there is huge scope for upside if you buy into the project concept and believe this is where the world will continue to place value globally. Those views will trickle into the Aussie market and then Pilot will be sitting on a bonanza. Of course I can imagine LT holders are suffering, and there is not much advice I can give you, nor should I. Just my two cents on this company. I would consider getting in, for myself. Taking a close look to see what the next cap raising looks like, and that may be an entry point. Good luck to all.