Maybe SXY should have doubled the SPP limit, page-3

I think the more sensible and tax effective approach would be for the coy. to accept all applications. This will potentially provide the coy up to $150 to $200m, rather than the capped spp raising of $40m. The benefits of this is four fold.
1. Fast track the gas delivery to a shorter time frame.
2. Increase the no. wells to be drilled,
3. Reduce the amount required to be borrowed from IEG. thus reduce interest costs. Improve the bottom line and the BS.
4. Reduce the likelihood / need for further cap raising.
All a side, I think us long term s/holders deserve some 'reward' for their patience.