RE:OilsupporterAs this is directed at me, I will respond. I don't work for the company. I just relayed here what we were told at the AGM. I can't tell you if there is variation in the MD&A over the course of the year or how XOP plans to spend money. But I agree that what is disclosed in the financials will give you an idea of how far the money will stretch. So I am not arguing the money will stretch further than the financials show. So Well 1 will be complete in January. If we have good news, the stock price should be up, and well 2 should be ordered and done before Q2 and a need for a financing. And hopefully the size of this reserve and commercial ability to exploit it is demonstrated before a need to do another financing. And by that time, it is at a higher price and much less dillutive.
Dilution and expenses have been an ongoing concern - and if you look at my earlier posts, you will see I have also expressed frustration that XOP has been spending money the last few years like Block 13 was going to be proven. I am as frustrated with dilution and financings as anybody else. The way Art and XOP are spending money, they have to be very confident this block will be proven and shareholders will forgive their largesse, when the SP rises substantially.
GLTA