Ann: Real Energy raises $2.34M in a placement, page-3

hmm... I don't know about this placement or the rationale really...

The macro thematic I get & am super bullish

BUT - (& this may be overanalysing it) - any hint of economical flows from Taramarra-1 & the SP bags or multibags... why not at that point raise with less dilution for wells 2-3 etc.

This paragraph concerns me that they perhaps don't think Taramarra-1 will ever flow commercial rates bc of the water levels. (Not to say the basin is dry, but saying that they will need to plug T-1 & try again at T-2 or T-3 with the angled approach showed in the last investor presso)