The question is do they then finish the well and get into production or is this just some elaborate scheme as piggie intimates frequently.
If the could raise the money to complete by selling shares what would be the end result given the expected reserves that would be proven?
My guess is that we won't see financing until they are ready to proceed. Remember when ou rent money you pay from the time you get it in hand. So what's happening now is trying to tie down a workover schedule and meld that with the financing.
Given the uncertainty in the market I suspect that financing sources are reluctant to make ironclad commitments since they can't know what way the overall market or economy will go. In other words it is difficult times and management is dealing with it.
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