record date for entitlement issue

Im guessing the record date for the entitlement issue will be far enough out that more news on the Smith-1 well will come out in the interim. There wont be too many takers of the 5c shares through the entitlement issue if the sp is already hovering around that mark. They need 5c to be at a good discount to the current price to raise the extra capital they are looking for so Im expecting some positive news in the coming weeks.