Manti - the last PR stated that the WYO lease sale would be used for a "multi well horizontal drill program". As usual, the PR is lacking specifics as far as the dollars involved but if you take it literally - there is no need for issuing stock to fund this.
Even with 3M shares trading today, that's only $60k worth of stock at 2 cents each. Not chump change for me but sure is for many a wall street investor.
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