Could be lots of things affecting the strategy and not...

Could be lots of things affecting the strategy and not necessarily bad.
How much extra would be needed to complete the pilot? How far along the journey to pilot production does this carry us?? Good results from the first 2 long laterals changes everything. A that point the pilot is a forgone conclusion and the focus becomes the economics/planning/execution of NTLNG/East Coast which is where there will be a step change in value for shareholders at sometime point during that process? My crappy numbers suggest the pipe dream of moving ahead with getting serious about either of NTLNG/East Coast is about the same time they run out of money from this raise.

More questions than answers but all parties wanting this to work have skin in the game.

Seperately this DSU thing has me confused/excited for TBN. TBN has the pipline agreements, TBN has the NTLNG access, TBN has the non-binding offtake with Shell/BP, TBN has the relationships with NT govt/Santos. So does that effectively give TBN control of 78% (less falcon) of each their production capable assets? out of thier DSU's TBN has more than enough gas to support NTLNG/EastCoast.