If they concentrate on SNE then the two firm wells, which we are...

If they concentrate on SNE then the two firm wells, which we are funded for, could be the last wells in SNE untill they start the development wells in a year or two... so our expenditure in the next 12 months , beyond the two firm wells, will depend if they do any option wells plus other less expensive commitments such as FEED ,GB , admin and DJ.

I find it hard to imagine them stretching the current cash another year without a placement or borrowing and as by then they should have access to Reserve based lending that may be the way they are thinking , being not concerned about funding for the next 12 months its a good message to get out.

Of course any positive result from the PE could change that considerably.....

Cheers Whisky