Galactica & Pegasus - first 2 wells approved, page-56

@Burningbird. Not sure they will need capital that quickly. Depends on the corporate cash burn. They have the money for the plant. Well costs are low. Really depends on how many wells they get through before cash flow and the plant.

Nevertheless they should have drilled a heap of wells by then and be considerably higher if the permits keep rolling

A consolidation may not be out of the question at some point too but they won't want to consolidate too much because then liquidity becomes an issue and the fund operators could stay away. They like liquidity and the ability to take a position around a narrow spread.

Good times ahead I think though.