American Petro-Hunter, Inc. (fka AAPH)

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well not true. They can sell their Oklahoma acres and rights for drilling in Kansas.

Hanover holdings is their main financier, so whether at 60% discount from current SP, still doesn't put money in their pocket long term. The current OS is still relatively small, and so what for a little dilution, again OS is small.
I've seen way way worse dilution going on in oil and gas stocks than what is happening here. The drilling card is what matters now, and how they plan to proceed.....hence why I keep asking if anyone knows when the Q3 will be out. I do have a call in however.