I think there is just too much uncertainty at this stage to sell anything at a good / fair price .
Probably the same for debt funding .
They have to make decisions yet with in the JV with regards to fraccing , completions and the forward drilling program and until they do there is no clarity on the amount of their short term funding needs.
Fraccing is expensive so likely to only fracc the lower zones in the wells they initially expect to produce from .
They would be hoping for a share price catalyst to occur for BYE but not obvious when or even if that will occur .
The funding issue is the Elephant in the Room for the share price at the moment .
The results to date are adding value to the company and if the results of the logging are good the there should be some SP movement .
They have to make difficult decisions soon but I think they are waiting for some near time catalysts to occur to make the decisions easier and with the least dilution possible.
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