@Pizzaboy01
And you think OMA won't need to cap raise? $18M will barely cover their program. OMA is just as prone to dilution as EXR, the only advantage OMA has on the money front is that money is readily available from Tristar and the Flannery's. That money will only be put into the business in return for equity though.
Anyway, I keep responding to you but you never seem to respond to the points I am making. This makes me think you are just here to catch the ones reacting emotionally and to get under their skin.
Anyway, the tenement we just secured means we can extrapolate the DD1 and DD2 data across that tiny little block near Glenmorgan, which will allow us to increase our Contingent Resources without putting 1 single well in the ground there. $5000 spent on the tender application, turning into another X $million in Contingent Resources without needing to spend any money in the short term: THAT is a good return on investment.
For anyone interested, I updated my Google Earth map to include our new tenement too:
https://earth.google.com/earth/d/1r-ollV_0BpoXncfctOKMmOeKHI3Ftjbl?usp=sharing
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13 | 554770 | 0.150 |
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Price($) | Vol. | No. |
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0.170 | 100388 | 6 |
0.175 | 353986 | 7 |
0.180 | 690855 | 13 |
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