nearly out of the starting stalls, page-8

did they not secure a $50million dollar debt facility from macquarie bank (quite remarkably in the middle of the global credit crisis) for exactly this purpose?

which, incidentally, suggests to me that they must have had a pretty convincing sales pitch. as they seem to have being saying for quite some time now, they will be producing 4000 barrels per day by the end of this year. with the amazing recovery that oil prices are making, that is quite alot of cash flow, and affords the freedom to dip into the credit pool for the sake of any worthy assets.

this has all the hallmarks of a company poised to grow into a mid cap in the blink of an eye, which for us lucky holders means a pretty big rerating once the more conservative investors finally start buying in.