Yes the 22% and share purchase plan are unrelated. My thoughts...

Yes the 22% and share purchase plan are unrelated. My thoughts is that a cap raising won’t happen, I think they will find a great amount of oil and the options will start getting exercised providing the funds they need to keep going, however as far as my understanding goes they have the funds to drill well 4 as I do remember reading that they have ditched well 3 and used the funds from well 3 to make the purchase?? So my understanding is well 2 and 4 will be completed (the most promising wells) without any additional funds being required??