oel entering a terminal phase?

Let's hope they find some hydrocarbons in the upcoming drilling campaign or its lights out regardless of the success of the capital raising. A restructure will then be required imho.

Improved Galoc production is a positive, but they can't keep spending so much money around the world in such a cavalier manner.

It may be a good exit opportunity around spud of the first well OS, for those looking to limit their losses on the stock. This is all assuming the capital raising goes off without a hitch, imho.

Still expect to see 2-3 cents in the not too distant future if the cap raising doesn't meet expectations.

KB2