Ann: Welchau-1 Discovery Well Cased for Future Testing, page-57

I think this is a great buying opportunity actually.

This is the impatient transferring to the patient type scenario that happens all to often on the stock market as others chase the next shiny thing! The main aim is how much of a company can you accumulate in these down drafts pre-confirmation of find in Oct.

Also I don't think there'll be much cap raising other than to do the sidetrack of Anshof. Haven't reviewed their financial position but they are sitting on a 3000 barrel production facility at Anshof now so should get to a point of self funding these shallow wells soon depending on oil production from the 3 anshof wells.