It's annoying, but remember the report is retrospective. It...

It's annoying, but remember the report is retrospective. It doesn't include the wells in January, and even the ones in December won't have contributed much to the quarter (due to only being operational for 1 out of the 3 months).

Option conversion will see Range OK for the next quarter, but after that either a debt facility needs to have been agreed, or larger increases in bopd will be needed. Otherwise, yes, a placing will be the only option.

Basically, the next few months are critical.