tune up the BS detector, from the RBC research! $20 mil of financing planned for 2014!
As I see it, if STX accelerate exploration they will need a CR before the 2013/14 yr but if they stick to their schedule then all is ok for some time yet.
Dav1 & Mars1 were previously paid for but not the likely BPT frack/pilot of Dav1 in 2013!
Don't discount the possibility of an asset sale especially if EFS results are encouraging - pure spec!
Cheers
HC
shell spudded palta-1, page-21
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