Methodical,
hopefully they won't need one soon as AEC owe GPP $2.6m over 2012 for the VIC tenement, and EP447 is funded by UIL for seismic and a well, and production license should they hit gas.
They have a very low cash burn, and around $850k cash currently.
The next raising/placement will be for the CTL pilot plant in Vic, which will cost around $40m, so they'll need a partner. They won't raise those funds in a rights issue, way too small a market cap.
We are also waiting on an announcement of the deal with Uni in Texas for the CTL IP they have developed.
gpps shale gas project ep 447 north perth , page-5
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