placement at 27c and 1 for 8 rts issue, page-6

A few weeks ago Stockanalysis made a reasonably good case that EXR would be self funded for 2008

We now have a cash top up of $14 million so I expect some followup "new" newsflow re the deployment of these funds.

I think another low risk project aquisition in the GOM is likely and some fast tracking of current projects. (JV partner BCC just raisied funds as well).

According to asx release 29-05-08, funds also earmarked for exploration and appraisal in Nth Sea.

I think EXR will partly fund Leopard to fast track the farmout conclusion, although they still need another farminee/s for the bulk of the unfunded portion of drilling costs.
Mulle may also get a kick along.