GREY:NOVUF - Post by User
Comment by
TTSBon Dec 03, 2010 6:33pm
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Post# 17799057
RE: RE: got a feeling they will raise money here
RE: RE: got a feeling they will raise money herewhat does that haveto do with what i feell..bottom line imo 50boed per day wells just does not cut it unless you have 200 in production....in order to get those boe d going they will need to hacve a massive drilling campaign....as we all know one million per well we willl nedd access to 100 million to put novus on the map////
15 in cash...
30 in credit facility
plus an additinal raising at .90 centy per share roughly 30-50 million bucks....