The company would be the one qualified to answer your questions, my answers would be just a guess.
I believe we will see MRTs approval of the lease very shortly as they know we are ready to drill short of providing the funds to do the job. Now with proof of the Rights Offering and $9 million US the Hunt #3 rig can do the job. Don't forget the government gets 12% of the revenue and so they are the biggest investor so to speak.
Everyone want EEGC to strike oil and the share price should continue to rise as the company announces progress.
With the share price below 7 cents many won't buy but I believe we will rise above the 7 cents shortly. Its a question of timing and should the price fail to reach the above 7 cent mark, Malcolm stands ready to buy up all the unexercised Rights.
We are well on the way to rich rewards in my opinion just keep the faith and patience.