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PRD Energy Inc PREGF

PRD Energy Inc is a development stage company. It is seeking farm-in arrangements with oil & gas operators and several exploration & production licenses.


EXPM:PREGF - Post by User

Bullboard Posts
Comment by justsomeguytradingon Feb 12, 2014 12:24pm
265 Views
Post# 22200452

RE:Talking to some people,

RE:Talking to some people,I agree that they will have to raise money.  No question this delay has cost them cash.  I am seeing 3 options: raise money before news (unlikely), raise money after news (more likely especially if results positive), announce results and bought deal financing at same time. (plausible).

Everyone has already built into the equation that they will need more money... question is how much and how fast can they move on to further deliniate the resource.

GLTA
Bullboard Posts