morton gas discovery pilot well update agm , page-16

CNG

"No 1 million they said not 5M, asking for 5M is speculation"

$1 million drilling/site cost like you've been told today, am I correct?

IMO (my speculation) this is their chance of doing a relatively big CR at least $5 M. Or where else they're going to get money pay themselves/employees other than continueing with YA Global, which RG told you will need to stop.

"They are not looking to consolidate, they know this wont help the SP"

On the contrary, the SP will look fantastic, until it dwindles downward.
Suppose $5M at 0.004c = 1.25 Billion new share, add 1 Billion+ existing shares = 2.25 Billion.

Do a 20:1, and you have a more reputable looking SP of 8c