No worries BrunoR, some self interest there as I try to guess...

No worries BrunoR, some self interest there as I try to guess their movements from the information that they have released.

At this stage a farm-in looks likely as they don't have much in the bank and a rights offer usually takes 2-3 months at least to get up.

I think your right in saying wait for 1 month, an announcement should be released by then to say who has been secured to drill and likely commencement date. This may also include information about how the drilling campaign will be funded for the next 15 months or so.