"Nothing to suggest a large draw down of funds"Have you...

"Nothing to suggest a large draw down of funds"

Have you forgotten:
1. Monetisation step may involve a joint venture where BRK may benefit by maximising the cash they can put up as part of the process. Also drilling with a large partner will be significantly more cost effective and efficient than drilling alone. This has been said by DP on numerous occassions.
2. We are likely to get approval to drill on the Bruins location shortly and will need approximately $10M for that to ensure it is "Held By Production".
3. The Buyback is progressing slowly, however they are roughly on target to meet the buyback target by Christmas, Assuming the SP stays around 13c-14c this will cost another $2.7M.
4. With Juanita information and analysis almost complete we are likely to drill another one or more wells at that location in the next 6 months. This has already been forshadowed elsewhere on the forum. Cost $1.5M per well.

The last thing anyone wants is a cash raising, especially at the current SP.

Management have not made a wrong move operationally over the past three years and I think they know what they are doing and they are doing it!

Management are not running the company solely to drill wells for the sake of drilling and get you excited, They are running the company to maximise shareholder value as they should be.