That’s not a lie. They are very astute.
But MAY has to have $20m in the bank post A3. Because if A3 drilling experiences difficulties, or results aren’t good, they will be cashless and raising at sub 3c.
Companies don’t gamble their future on 1 well. Unlike punters on HC.
Ann: Alameda-2 - Successful Flow Test of Lighter Oil to Surface, page-486
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