EKA eureka energy limited

I think it would be a gradual process to develop the field...

  1. 18,603 Posts.
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    I think it would be a gradual process to develop the field rather than needing all the capital up front. And the early wells cash flow could fund the latter ones. The important thing (from my perspective) is that it is a great sign that the field is commercial and the secondaries are flowing.

    No question EKA will need to raise capital (in fact they just placed stock for working capital 2 days ago but will need more) but raising capital for a commercial field...I see it as a very good problem to have.

    How do other EKAers see it?
 
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