jeeper, We dont need external consultants to tell us theres frac...

jeeper,

We dont need external consultants to tell us theres frac fluids down there.

It's been announced, and it's part of their strategy to pump it out, one well at a time.

So they have successfully redeemed well 1, and onto well 2,

what so dire do you interpret in any of that?

They have a 3m extension, and the banks have a swag of options, they want to see in the money, so what bank, in its right mind, would not simply contine to extend, if in each of the extension periods, that the company is succesful in its new approach, and bringing wells back successfully.

And this is not so much for revenue, while that helps, but to de-risk, and fascilitate the sale.

And given that they arent in a hurry to raise, but have made an intital placement to provide liquidity, and then look to more significant raising in NOV, does that not say, that they are expecting, that the flows which will be delivered by then, will provide a swing of sentiment by the market, that they are in fact, saleable, and the sp reflect, that of a stock under consideration of its interested parties.???

Dire?

Not for mine.