Ann: Yellow Rose - A Successful Discovery , page-79

Whippet,All of the 17500 acres is prospective for the eagleford shale.

They have only leased 8200 acres but they have/had a current option on the remainder (approx 9300 acres).

they sold their OPTION on 5100 acres to petrohawke because leasing is expensive and they werent flush with cash.

They still have the remainder as a current option with sidc 50%.

I think that if they can get this first well flowing,get access to some cash,they will try and do as much as they can with only sidc.

Their $20m credit line is open now but they will obviously need more cash than they can realistically get from this facility in a short time frame.

All the best.