Is the first time I read this:• Following the completion of the...

Is the first time I read this:
• Following the completion of the Placement, the Company will be fully funded for Mukuyu-2, anticipated first spud in Q3 CY023 with
the aim of confirming a gas-condensate discovery.
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This is good has I am hoping for a discovery first and then farm in....
Scott mentioned about farm in interest already months ago, it the deal proposed was good it would have happened already, in stead of CR.
Much better to farm in once oil/gas discovery is declared, there will be more interest and better terms negotiation. Also IVZ sp will be much higher of course.
Don't understand and don't know what to make of latest announcement though....
Proposed Issue of Securities??????
Didn't they just done 2 CR round...
I understand it may be part of latest CR but I also read on today announcement :
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7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue
Joint Lead Managers are able to place the SPP shortfall for a fee equal toa management fee equal to 2% of the proceeds.
Under the SPP Offer and the Shortfall Offer, a selling fee of 4% of the proceeds raised under the Shortfall Offer
No Shortfall Recorded
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Wasn't latest SPP/CR oversubscribed?