RE: RE: Excitement Coming back to KRGAs at September 30, 2010, the Company had negative working capital of $7,314,914. My guess is they are $10 MM plus in negative territory. They will need to raise another $12MM for the drilling of the two wells. So, they will need about $25 MM to meet there commitments. That is a big number for a company with a market cap of $50MM.
My questions are why not drill beside the existing well that produced Maystealears 5000 bbls/d? What is the likelyhood that they can get this full financing, as if the first well misses and they do not have the money for well number 2 then they are done.