RE: RelaxFor those of you who seem to not understand the market we can put this is very simple terms: without the money raised today BUK cannot drill the PIPER well. The line of credit can be used for Durango only and they still have to pay for the drilling of the DURANGO due to the overuns ......and, I believe that if the driller isn't paid the government has restictions on the ability to tie the well in - meaning no cash flow.
The dilution itself is not the issue: every public company raises money at some point ie., OILEXCO and ANTRIM. It is what you accomplish with the money once you have it. If successful with the drilling program everything takes care of itself but without the cash they are done.