I will be happy to see SI's pickup RI shortfall at 18cps. They will be no less loyal shareholders than your typical HC poster, including myself. If the shortfall is placed at less than 18c I would be disappointed but its better than nothing.
Apart from MOG farminees, Albers now has all the other JV partners funding covered. Goldsborough issue fully underwritten
Exoil issue underwritten plus a loan
Aust Gas Corp now has funding from sale of Oliver Field http://www.sec.gov/Archives/edgar/data/1080634/000107997309001186/aogc_8k.htm
OXX obviously very cashed up
The MOG RI/placement completes the funding for the JV so hopefully we can stop worrying about funding after that and focus on exploration upside.
One concern is the cost of having the rig on standby while we wait for Cyclone Laurence. I assume this is negotiated into the contract and confidential. Hopefully its not too much.
MOG Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held
