News Releases...Swan With no due disrespect intended Swan, we had TWO News Releases and you chose to focus on the Private Placement which relatively speaking is a Non Issue.
Yes granted there is dilution involved. When you consider the impact of the testing of the downhole tool and the MILLIONS of $$$$$ this Technology has the potential to generate, in the BIGGER picture 6 million new shares will hardly have any effect on the share price.
I think we can anticipate a MASSIVE increase in production in Maidstone that will in itself generate millions of $$$ in REvenues to the Companies purses. Lets not forget too all the expenses involved in conducting these tests and the costs of the Downhole tool, bearing in mind that a SECOND downhole tool is being purchased.
Why buy a SECOND DOWNHOLE TOOL unless the FIRST ONE is doing what it is supposed to be doing???
In life we can all look at things to criticise but today is a day, I think Management deserves some credit as the News was nothing short of being EXCELLENT.
It'll be interesting to get a PROJECTION once the initial testing is completed as to how much percentage wise PRODUCTION is INCREASED by the Down Hole Tool. From this a new PRODUCTION RATE can be projected and a reasonable estimate made of the REVENUES from Maidstone.
This in itself could be VERY SIGNIFICANT but does not include the WORLDWIDE ROYALTIES fthat the Downhole Tool will generate. All of this I presume will go towards FUNDING the Vertizontal Technology which could well be SELF FUNDING!!!!
Certainly things look pretty good to me for what are CONSTRUCTIVE REASONS.
All this is in my humble opinion and everyone should perform their own Due Diligence!GLTA!