Romanian well technical report, page-4

my post had nothing to do with calling them disingenuous ... had to do with fact that a while back they sold debt (which they renegotiated payment dates once) with options on the assumption that value creation would be appreciated by the market and they would retire the debt at no cash cost. They failed in that effort, as they now have a cash liability of $2.2mn due in November of this year. btw, their Austrian debt started repaying in Q2 of this year at €113k per quarter.
Any of their ambitious plans will require cash - either from shareholders or 3rd parties, and for current shareholders the dilution has historically been at a discount to the last equity raise.