placement to riase $6.8m, page-21

The spud announcement is only the start. They should start updating the market every couple days with drilling progress. So if we get lots of positive encounters with hydrocarbons on the way down it's going to excite the UK market and we'll be at at 5 to 7p pretty quick IMO. I'd would think SP will be in the 9 to 12 cent range if all going well. The CR will be long forgotten or at least forgiven by then IMO.