Well I don't know much about oil explorers, but it would be a...

Well I don't know much about oil explorers, but it would be a tough ask to get 50 mill line of credit out of a bank even if they struck 2 wells.
Can anyone see management going for further heavy dilution ? They are prob aiming to get bought out after firming up a gob smacking amount of oil and gas with still a good deal of further potential there for the buyer. I would guess a major would want the lot, rather than our share so it will depend on our partners point of view as to the timing and amounts. Surely just about anyone (at this stage) has deeper pockets than PRL (that 10.5 mill will be vital though) and our partners would be content to go forward until some REALLY juicy numbers are thrown about.
Let us dream of a buyout at $1, shall we?

Not being familiar with oil industry can we have an equivalent of a 2% smelter fee if we sell out? Be nice to have that cover to save sellers remorse if it goes EXTRA large after we are bought out.