I'm in the same boat as you @stylishlalit , my average buy is...

I'm in the same boat as you @stylishlalit , my average buy is above 30c for 500k shares.

The share issue could prolong the life of the company for a little while, but whether or not the company thrives is another story. Unfortunately, the debt arrangement we have forces us to hedge at current low oil prices. Even if oil prices do recover, some of our potential gains are capped at the hedging price. Some commentators are now saying that we're in for long term cheap oil.

As you say, survival could become an issue in the future. I hope others on this forum can provide a more optimistic viewpoint.