capital raising to commence drilling of jaya s, page-3

Here's another key part from todays announcement:

Funds raised pursuant to the Placement and Entitlement Issue will be used to fund the ongoing drilling program at theCompany’s Ranau oil and gas projects in South Sumatra. The Ranau Projects cover a largely unexplored area in anestablished oil and gas producing region. The Company has mobilised the in-country team which has completed a detailed drill targeting program over the prioritised lead located within the Jaya sub-basin. The first drill location has been finalised and the approvals and site access are well advanced.