re: Ann: Light Crude Oil Seeps Identified In ... Map.
I was told money to fund drilling may also come in the way of a farmin.
I think last night's announcement adds serious negotiation weight and the option of further dilution by way of a placement, may now be pushed quite a bit further down the list.
As for your call of $1 Rainbow.
Some would call that a silly statement but lets not forget the Africa Oil story. They announced similar oil seeps before they drilled in Kenya remember. The discovery/s that followed has seen extraordinary share price growth and they now trade over $8.
Our MC is a pittance and if the drilling early next year hits the sweet spot, I believe $1 is more than realistic.
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