we will drill for gas off central coast , page-8

More than enough funds for first drill lautrec and copy this from a recent post made on BPH thread -

comments received last week from a broker covering BPH:

o Likelihood of commercial or technical success from drilling is increasing from the convergence of different sources of analysis

o Well will be drilled October. Likelihood of delay is neglible as Exxon has no further rights to extend

o All major contracts have been let in relation to drilling

o Completion of Advent capital raising is expected within 3 weeks and before the closure of the rights issue.

Good times ahead for all PEP 11 holders IMHO