RE: LSE Listing - no dilutionYes, I saw that too. This must be positive news, speaks of their confidence going forward.
Have flipped through the document, not much new, but this was pleasant reading!
The Group's net cash reserves are sufficient to fund current and anticipated capital expenditure
requirements until the beginning of 2013. The Company has committed capital expenditure of
approximately US$23.8 million during the next 18 months consisting primarily of work on the Doris
production facilities, its current drilling operations in Kazakhstan and Tajikistan plus ongoing
workovers in Uzbekistan. During this period, the Company anticipates additional capital expenditure
of approximately US$14.3 million consisting primarily of Aeromagnetic and Gravit survey plus further
work on the Komsomolske wells in Tajikistan, a further appraisal well on Doris, radial drilling,
completion of the rail terminal and additional production related equipment. Beyond this period, the
Company will continue to have committed capital expenditure. Given the Company's nature as an
exploration company, a substantial proportion of its future capital expenditure on various projects is
discretionary and will be subject to the results of the Company's ongoing exploration and production
activities.
Can we sue them you think if they dilute us before 2013…? ;-)