placement, page-14

It was imminent, despite what all the rampers have said the facts come out over time and there assumptions and wishful thinking are proved wrong. We get back to the extraction rate vs time compared to overall reserves, and at the rate they are currently going it is not viable to realize full value for shareholders. A ramp up in production is needed and as these wells are low impact producers, I suspect a great deal of the cap raising will be spent on building/aquiring new rigs as to ramp up drilling activity which in turn will ramp up production.