Ann: Placement of Shortfall Shares, page-22

Charters to drill a conventional well is how much? where are the funds going to come from for that purpose.?

Conventional prospectivity for Icewine has come later in the day than the Shale prospectivity hence the funds have not been available. That is why a farm out is being put on the table. This will assist in the monetizing process as will WINX. Only the recent 3D over a small section of Icewine has allowed the pursuit of a farm out agreement and this is still early stage. Wonderful second guessing with 20/20 hindsight vision taking place. Reality is 88e does nit have unlimited funding. ice drilling is not all year around and that Icewine is the only prospective zone with dual oil potential for Conventional and Shale.
Wave the magic wand for more cash and no dilution