No as far as share dilution is concerned. Henc owns a large controlling percentage of 1.12 million acres in the Cooper basin. The more big wells are drilled just off their property like these latest beach wells, the more interesting Henc's property becomes to all the rest of the larger companies in the area each wanting to buy in a piece of the play.
As is typical in any major play, to include the Beach pel92, partners are almost always brought in to share the costs and the risk. And since HENC controls the play, and there are several companies interested in buying in, they would expect to be paid a premium for a percentage. That premium could include cash, carried interest in several wells or both.
This is how they plan on covering their cost. Once the first wells successfully come in, they should easily be able to get bank loans for their costs on later development well.
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