RE:Just a thoughtThe amount to raise for Gazania really is not that much, only about 20 mil for Eco. During the presentation it sounds like AOI is willing to fund the drill. I'd guess this is why they were able to secure the rig. Lots of ways to come up with this amount over the next 6 months. Solear going public and repaying ECO would be a start. Farming out in the Walvis basin would be the second most likely scenario i'd guess. Of course a raise with dilution is an option. If this happens I would think they would do it during the drill when the share price is higher, so less dilution.
If J&J do go into production, and I do think this is possible at some point in the future, ECO will probably need to secure a more traditional loan for the commitments, I do not think they would be able to use these funds for drilling elsewhere.