interest rate on $500k, page-31

You may be right Squire. But i think a new class of investor will be attracted to AWD once funding is finalised.

The prospects of POV-105 being a success are, in my view, reinforced by the simple fact banks are willing to lend us money: an O&G junior with almost no chance of paying the 20m back if it all goes south. Why would they take the risk? Surely its that we carry a lower risk profile than normal O&G exploration wells (which i think have a 10% success rate).

If that holds then i would expect people to take a position in AWD post finance approval and pre wire logs to take advantage of the low risk drill program.

But thats just a view and i wont be surprised if you are right and we have to wait until we see the wire logs, only 75+ days...