Good points guys and girls. Drilling and the whole process costs money. As I have stated previously the management team is small, suitably qualified and not over paid by any measure. I am sure you are all aware this is a speculation not a slam dunk! Most companies in a similar cohort would have or be cash raising and diluting. We may come to that somewhere down the track a which point an investor will have to look at his portfolio positioning I guess. I still think this is a good asymmetric risk. If this is not for you maybe you should look at Qantas