Not sure if signing a mid stream company was imminent in Feb and getting a few ducks in a row is probably a good idea. They still have a cash balance to use and if they lease the facility from the mid stream Company who then run the operation [so no buying the facility] it should all all be self supporting with revenue stream. If they did need some extra cash then a debt facility would be the better option. To get a debt facility a few things need to be established including the mid stream facility.
Their focus is on production. They know they have a resource so no need to keep drilling. To drill and to then only to Cap to purely get the share price up is a waste of money in my opinion. If they did that then a CR would perhaps be required but you are better off drilling once the production is in place as then you can tap into immediately and bring on line.
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