i think that they really need to get the first 3d seismic done...

i think that they really need to get the first 3d seismic done and results announced well before nov options expiry...
before then they will have la bella 3d seismic results, and they could have also acquired another project...
so the potential to get the sp up over option expiry figure is there...

other than that, i hope they convert the bergen loan into equity, thereby meaning they would have that 3mill plus this 4mill plus the tap oil 3mill coming in within a year etc...
thats about 10mill, and then potentially 16mill from options (but that is doubtful)... and if la bella looks good, hopefully they sell it off to raise some 10? 20?mill etc... so whn could be sitting on some 10mill to 45mill cash within a years time with the 25% seychelles project and some other new one... they have now shown the ability to complete farmout deals etc, so have the track record to try to get some more early stage projects :-))