Beetaloo or bust: the route to commercial success for an Australian shale play, page-62

I asked TBN how they expected to complete FEED and FID with only funds for 2 drills, when the US Listing scope was to fund 6 wells.

Here is the response

We have multiple options available to fund the remaining wells for the pilot project and we will continue to explore these opportunities to maximise value to our shareholders. These include debt, potential pre-payment of gas, additional strategic partnerships and further equity at the right time.

As a benefit, the funding of the next two wells will aim to further de-risk our Beetaloo Basin project with 2x 10,000 ft lateral wells allowing us to minimise dilution for existing shareholders.