RI takes time. I doubt it.
Material CR means big CR, not just a little $1mil or $2mil to tie us over. Full 15% maybe?
I guess they could delay the september spud slightly and just manage a RI, but it would be tight and leave little margin for error with the drilling and not give much time if the RI was a failure.
Maybe CR followed by farmin?
Westhouse valuation 22c-15% dilution -30% farmin?
If only someone had thought to discuss the possibility of shorting this one a few days ago. It might have been worthwhile discussion.
Goodluck and lets hope for above 3.5c
t.h., page-17
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