Ann: LA Basin Oil Field Acquisition, page-43

One only needs to look at SEA who went to market, raised a bunch of capital to purchase assets and the SP and MC is now well ahead of the CR prices.

If we are going to have a significant CR then ideally it would be well above the current SP to limit dilution somewhat, however we're probably looking at a doubling at least of the current float.

At for example 1.5bill shares at a share price of 2.5c is only a MC of $37mill. With cash flow of ~$7-8mill pa based on my cals posted yesterday would have to demand a MC of ~$100mill which is ~ 7cps

you can play around with the figures but the fact remains, plenty of upside here IMO