This from the announcement in April....
"The funds raised will allow the Company to materially expand and accelerate its gas exploration and appraisal program in Mongolia. The program is multi-faceted and is aimed at bringing forward the ultimate goal of development and production by 18-24 months.
The key elements of the expanded work program will include:
1. Multiple new core-holes across the 30,000 km2 PSC area.
2. A greatly expanded seismic program, including the first 3D program targeting CBM in the country.
3. Accelerated pilot production testing programs over the next ~18 months.
4. More intensive and detailed geo-technical work, together with funds for working capital needs, contingencies and possible complementary new ventures."
Now that they know how much has been raised they can get on to it
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