Hi BrunoR,EXE only has to find funds for the next 16 months or...

Hi BrunoR,

EXE only has to find funds for the next 16 months or so at which point the conversion of listed options will add considerably to the coffers, but with a fair amount of dilution.

EXEO 73,976,250 are listed with a conversion price of 20 cents. The last date to convert is 31/03/2010. At this stage Exoma should receive approximately
$14.8 Million dollars if all the options are converted.

EXEOA 153,976,250 are listed with a conversion price of 10 cents. The last date to convert is 30/09/2011. At this stage Exoma should receive approximately
$15.3 Million dollars if all the options are converted.

So taking these figures into account Exoma needs another $15 Million dollars to fund its 4 year drilling program to 2013, as they have put an estimate of $42 Million dollars on this program previously(please check this point).

So hopefully a smallish rights issue and/or a farm-in to only 1 of the ATP's should do it.