exactly. so they have painted themselves into a corner (can't/don't want to raise more cash and dilute holders) and are forced to sell at the bottom of the cycle. My tip is they achieve equivalent to US$1/mcf for 1P ie. US$140m less GS fee of say US$8.5m = balance of US$131m less debt of US$40m = US$90m / 400 shares (fully diluted) = US$0.22 per share or A$0.31 per share at todays exchange rate.
