Ann: Xanadu-1 Oil Discovery, page-13

Things went to plan.
They found oil.
They plan to drill a sidetrack well to produce from it.
Good news on technical front, although I'm not a geologist.
The difficulty, given this is a bunch of cash strapped microcaps, is raising the additional finance to drill the side track.
Seems like finance is the more pressing question at this stage.
TEG just did a capital raise, so should be fine.
TSV has a little bit of cash left.
NWE have to fund their share from now on right? Which means they need raise capital or farm down further.