They said "The Company is sufficiently funded for the WE-4 and WE-5 wells as per the joint venture agreed budget".
And I'm not disputing that. They are funded for WE-4 and WE-5.
However, they will need to raise a substantial amount of money for operations post WE-5.
Which is going to be difficult to raise post WE-5.
So they will need to raise that money (which they don't need yet) before the end of the drilling campaign.
WGO Price at posting:
21.5¢ Sentiment: None Disclosure: Not Held