"This may be a realy stupid suggestion, but with all the holes JH has & wants to drill wouldn't it have been a good move to buy/lease your own drill rig & employ operators. Then JH can drill all the holes he wants with a minninum cost. ? not sure what a rig is worth but maybe someone out there can tell me good or bad idea.?"
That is not an option.
A drilling rig costs around 500k to 600k (and thats only cheap due to the amazing AUD price).
Do you want another capital raising so we can afford the wages, carovan, and amenities for the staff as well?
"This may be a realy stupid suggestion, but with all the holes...
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