About the new SPP in June, It only make sense that they'll give...

About the new SPP in June, It only make sense that they'll give priority to shareholders which hold substantial amount of shares.
Also considering the potential de-risk of MK-2, is likely that second offering will be way oversubscribed as I hope by June IVZ sp will be much higher.
On accounting yes possibly more detailed explanation would help. No surprise they overspend on MK-1 side-track was not planned among other issues. Hopefully MK-2 will cost much less.
Planned rig upgrades and maintenance costs must be shared with Exalo, this can be a good question for Scott.
Would be stupid to give back to Exalo a rig in better condition for free, after the disservice they cause...
On farm out as Scott said, there are some interested parties out there. A wise and logical approach would be to make an oil discovery first, for then farm out for development. Indeed it would be helpful to have the PSA signed asap, but I am sure if not before after MK-2 it will come.