Everyone is eagerly looking forward to seeing the results of just the first well drilled to depth and completion with commercial hydrocarbons, then good things will happen:
- Much higher stock price.
- Much cheaper financing for the long range drilling program.
Just one question: is there a current forecast as to when that will happen? Right now, the company only appears to be projecting the drilling of a shallow well with rig and contractor mobilization in November.
I agree with another poster that the objective of such a well could be to show at least some positive results so as to reduce the cost of financing (perhaps through a higher stock price, if equity is sold or shares are used as collateral), which if achieved is fine with me, given the current difficulties in fund raising.
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