Bear in mind Forest that if these get over the 2c gain line before July 2016 it will trigger the 458m options and a further $9.16m for drilling.
This is cleverly structured and the 200 vertical wells - or lesser combinations of vertical and horizontal - planned for Capitola stand a fair chance of being financed from a combination of current cash options and future production following the Raven announcement.
Bear in mind Forest that if these get over the 2c gain line...
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