Verde Science Inc. (VRCI)

[Tom Orrow]

When you say that the chances are that they won't hit -- is this just an opinion based on a guess or have you uncovered something that shows that the Rango rig is incorrectly placed with respect to the historic data showing liquid oil in the formations?

Also, if they already have financing that covers the Kettleman drilling and that hole was to prove noncommercial, then wouldn't the additional financing allow them to start tapping the resources at Elk Hills and potentially use those profits to justify additional exploration at Kettleman?

I'm just trying to understand how access to additional capital puts the nail into the lid of any coffins?

And, by not selling equity to access the additional capital before starting to realize value from ongoing operations, aren't they operating in their best interests by delaying? Based on the fact that conservatively projected profits (assuming successful wells) more than cover the debt? Seems like it to me.