The reason why we are running low on cash is because of the last cost over-run.
There are many unforeseen circumstances in offshore drilling - at the top of the list, would be weather related.
We should all realize that as one of the joint venture partners, we can not ask or demand the operator to stop drilling, so FAR could go back to Shareholders to raise more capital, if there are cost over runs!!!
Better to raise it now, even if it is at 7 or 8 cents, than to run out of cash due to the drilling.
If this (SNE 1) is any good as management and others on this forum have suggested, then the sp would take care of itself when the results are announced.
Just my humble opinion.
Capital Raising, page-7
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