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
This from the announcement in April.... "The funds raised will...
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