This discussion is irrelevant anyway... the plan, as stated by the company, is to sell the asset or the company upon discovery.
I believe that is how this will play out. Don't get me wrong, I *do* see dilution coming. I can see Offor or another strategic investor making a massive investment to drill half dozen or more wells so they can determine a fair value.
Let me put it this way, it makes sense to dilute as long as every percent of dilution increases the value by more than a percent. Diluting us 30% to increase the market cap by 100% doesn't bother me at all. It shouldn't bother anyone at all because they are gaining all the way.
That is how I see this playing out.
To be fair, if this well is a duster I think it's game over.
That would suck... but if they hit, it's gonna be really, really fun!
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