Ann: Daydream-2 logs 154 metres net pay, page-110

I’m also a LTH - the reasoning Neil provided (clarified in the video released this morning) was to have sufficient funding to allow for all possible scenarios and strategies in the upcoming stimulation and flow program.

My understanding is that they didn’t want to rule out any favourable approaches because money would be too tight for it.

I don’t think we would have raised without the free flowing gas. The program we had was budgetted and raised for and I think that the expanded program that will be designed shortly just would have made our cash position too tight to be comfortable.

At first I was also surprised that they are doing a CR now instead of waiting after Contingent Resources are updated for example, but since the stimulation program is already in February I assume we will have a fair bit of expenses in January leading up to it. And then it’s good we have access to extra capital.

I don’t want to be in a situation where money is really tight so brokers can bend us over with ridiculous terms to get us some money.