Due to the recent revival of our SP i was wondering about when the next CR will be called. I know all going well we have enough for the 4th well but I think we will have the cash for those 3 optional wells in hand before we start drilling the 4th well. It may even be a requirement, I'm not sure on that.
Which means we will raise either pre BEL results or post BEL results. If FAR has said a 50% COS on BEL then wouldn't management err on the side of caution and raise pre BEL results?
Especially now that we are back in the mid to high 8's, will we see a placement in the next week or two at 8 cents to fund us through to the end of the appraisal program?
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