Few things 1) Funding of $8.5 which would eliminate remainder of convertible debt and allow for a major Vermillion Well next door to Energy XXI & Exxon. 2) There's rumours now that one of the major oil companies may purchase WGAS because analysts have stated that XXI's production in their Wells in Vermillion will be a game-changer for the company. 3) The BoD & Leadership changed up and it's speculated to be part of the funding condition as well as getting the house in order for a potential buyout. 4) There's also another multi million $ loan expected to go live with another area (D-Bar). We shall see though. All I know is I joined because of VM-179 going live and regardless of a Buyout the comnpany is aiming to start developing the Well in Q2/Q3.
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