RE:RE:Dilution Wassana needs funding. Capital in February 9, gives a hint for delayed first oil. Mubadala dollars before Easter?
The net proceeds from the Offering will be used to fund the Company’s pre-production operations at the Wassana field and its Wassana infill drilling programme and for general corporate purposes.
BERationale wrote: I don't understand this move other than to position some institutions and provide a floor for the stock. They have ample liquidity in cash and their credit facility.