RE:RE:emailsLong story short...they have already technically (not commercially) proved up their 2 best/largest prospects in the license....if they can't attract a deal here then drilling a 3rd well/prospect won't change the situation. Commericial proof requires more wells to confirm the prospect size and flow data.
The risk now isn't about being dilluted...it's about not achieving a farmout to a major....these boneheads should have had an actual shareholder meeting and dicussed the actions occuring to achieve a farmout. It's the liquidity event that matters.