Very good comment - as is usually the case with exploration companies they have quite an appetite for capital depending of course on what they’re looking to achieve. If the report is positive there won’t be any lack of development capital available and if the share price rises to and beyond 1c its likely that the March 2020 expiry options will get exercised = $2.5m of fresh capital albeit slightly dilutionary.
Someone mentioned “fracking” in a previous post - that is not happening in any drill programme. It’s likely to be pretty conventional using a jack up rig since the gas field is located under shallow water. Might involve some degree of horizontal drilling but that’s not new.
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