RE:RE:RE:Chances of a Private Placing ?
It would be a minimal dilution really........nothing major. If you look at the presentation both Royston Deep 1 and Krakken 1 are classed as "Exploration" drills and Paul has said he will not use debt for exploration.
I can see the positives from a quick fund raise and I am sure most people will, given it will allow quick development of Rosyton oil and allow quicker deep drills.
Its not a bad thing, a bit of short term minor dilution but then a lot of profits coming in much quicker.
Like I said, this is all to do with finding oil and not gas........and mid term and long term this will generate far much more profit for TXP than gas, just the demands to get it into production will be much quicker than had it been gas.