Proactive Investor 11th MayNot sure if this has been posted but the interview gives a good summary of what next and within hoped for time lines.
The big variable is finance...and of course the conformation of the flow rate.
If the flow rate is good AND the next horizontal well is successful (including that flow rate) then could that keep the cash runway sustainable?
But with a firm intent on aquiring more acreage then will they secure finance (if the two drills are commercially viable) or is further share placement the right way????
It would (imo) need more investment I.e. for a significant number of wells and the acreage than what a share placing would produce??? Farm in partner or financing would be the logical method???
Thoughts, does any one have experience with the management historical methods?
Rgds Sft