Antrim purchase would not require equity capital....Antrim has a current book value of ~26 cents per share and is trading for 6 cents. They have 184 million shares outstanding. They have decommissioning liabilities of ~$13 million and debt of $35 as well as a few other small liabilities for a total liabilities of ~$51 million. Their assets are valued at $102 million. So Ithaca could assume their debt of $35 million and pay the equity holders 10 cents per share (a forty percent upside from here but I know many holders would be left holding the bag!) so the total cash requirement for the acquisition would be as Tommy mentioned $20 million for the equity which would be a non issue and could be nearly half paid for with the net farm out proceeds they received for Pete's sake. But the total consideration would be in the $55 - $60 million range. So they would not bother to go through the unnessessary bother to issue equity for this small tuck in. If they buy it, they get the exploration asset in Ireland and Cortender development holding as well as Fyne. I have not done a detailed review of this opportunity but IMO with the relatively high debt level and current 2P reserves of just 3.1 MMBOE, it does not appear compelling at this kind of cost. I realize the Fyne has ~12 MMBOE of contingent reserves. But they are contingent on an approved development plan (and the development of the field is in the neighborhood of $300 million). I suppose they could turn around and farmout of sell these other assets but one does have to wonder if it would be worth the effort. JMO