Agreed Cara. Timing of the Cap. Raise, ahead of flow rate...

Agreed Cara. Timing of the Cap. Raise, ahead of flow rate results, seems contrary to MEL's upbeat assessment that Vali-1 will be commercial, so why not wait till Vali-1 delivers the goods and leverage the raise at a higher SP (makes me somewhat suspicious about how well Vali-1 will flow).

Especially when in all likelihood, SM58 delivers further positive news flow in the coming weeks on flowline hook-up, arrival of the drilling rig for completion of G1 and again, in all likelihood, delivering commercial flow rates since the wireline logs over the Upper O Sand show excellent reservoir properties and hence flow potential leading to more MEL SP upside ahead of a Cap. Raise......this is all a bit convoluted but I'm a tad frustrated with this Cap. Raise timing.

Kind regards OldGeo.