What's your guess on how much they need to raise to drill and for 3d seismic? They have 16.5m in the bank now - how much more would they raise? Do you think they are going to go it alone so need more cash or have a big fish buy in?
Following the successful execution of the $15.0m placement in December 2023 and receiving
a further $1.5m from the subsequent Rights Issue in March 2024, the Company remains well
capitalised to continue to progress its current activities and appraisal plan.
Ann: Fluid sample confirms rich gas-condensate & oil potential, page-26
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