Ann: Daydream-2 Stimulation Program Successfully Concluded, page-94

Rubbish.....I agree nothing is guaranteed...but a $6million raise is hardly "hedging bets"....it was a savvy move to give us some breathing room financially so we could leverage the best go-forward JV deal assuming positive DD2 results.
It was a minimum raise, with I'm sure strong consideration as to the dilution effect of doing so - to provide some operational runway as well as further contributing to paying for expensive lab analysis and certifier fees as well as the 21 person Condor et al team on-site.

The "only" news you say is that stimmy was successful?....NOT at all....you're obviously a bit behind the 8 ball.
We added contingent reserves from ATP2077 Block A....just from correlation to our existent Grandis contingent reserves.
Lorelle on it's own flowed at 2.1 and 2.5mm- and with completion tubing could go to 3mm.
That breaches the economic viability zone all on it's own.

IF for some horrific reason we can't get the other 5 zones flowing viably to add to the already near-commercial Lorelle flow rates, we are in a spot of bother

IF that happens THEN we will need a life saving raise- which won't be pretty if that happens.

On balance though- I think we may just be alright, and the recent raise will prove pertinent as we negotiate from a less vulnerable financial position.