@Bilbo_Swaggins: "upcoming CR at 5 cents only"Are investors...

@Bilbo_Swaggins: "upcoming CR at 5 cents only"

Are investors seriously going to pay 5c a share given all the risk if your estimate of the SP following a successful well test is only 8c? In my opinion, a CR at 3.3c would be more enticing.

Some people are saying the gas in place is only 1.3 Tscf across the whole field (180 Km2), but according to VOGC the 1.3 Tscf was for the northern fault block only, which represents about 26% of the whole field.

If there is only 1.3 Tscf across the whole field, in my opinion, the SP might only reach 4c following a successful well test. Therefore, a CR would need to be made at 1.4c - 1.6c, but that would cause far too much dilution (probably unviable).

I would consider a CR at 5c if I was confident that the deep drilling results were going to lead to at least 4.5 Tscf across the field.

In my opinion only.