In the first instance, the whole idea of the West Wings intiatives was to find an easy income to fund future drilling. There has always been a good certainty about gas deposits in the area, with oil regarded as a bonus, yet at the same time an oil find makes a contribution to the big picture. That is, EPR believes the Otway is a major new hydrocarbon province
Read the past, and the message will become clear
As to a capital raising, if and when one comes about. Yes it would be lovely to be part of it, however if the results from West Wing are Ok then retail shareholders won't get a look in, rather, will be used for traction by sophisticated investors. Indeed, just a few local phone calls should do the trick. This is Victoria's western district after all, lots of wealth and full of enterprising families, who to many, might have an external appearance of being simple graziers. A few overnight phone calls in Warrnambool alone should raise all the money they need
First though, let us see why the MD has put his head on the block at West Wing1. Casings are expensive, and why did he do this.
In the meanwhile, maybe a speeding ticket might come to hand
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