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Email from Cath re:rumour, page-44

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    But I would suspect that a CR would be done during appraisal therefore about 14 or 15c. IMO of course but why would you want to raise at the low when we aren't desperate for the money. Will need it of course but not til next year. So I would suspect a CR about October. Say for about 30 Million. Another one next year after first three wells at better price all going well with appraisal. Any ideas anyone.

    SP
 
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