announcement out re placement, page-9

@ slick,

personally I can't say what will happen to the SP. But this is common, and doesn't all have to be doom and gloom.
Other shale oilers have done the same recently.

AUT recently raised at 1.25, to around which the SP did retrace, and bounced nicely to around 1.60 in recent days. (taking a breather in the past couple though)

EKA raised at .25 (were trading at .28ish at the time) and didn't even retrace. Actually bounced to .35, though closed at .30 today.

Here's hoping is the second story. But if it is the first story, I will be doing what GS mentioned.

The money is to accelerate existing program, which in my opinion is better then exploration, as it will (should) accelerate earnings, and therefore ultimately increase SP.

Anyhow, my 2c is up.

Cheers