re: Ann: Renounceable Entitlement Offer to Sh... On the negative side I'm a bit disappointed that they are doing the raising at this time when the share price is still low. Is that a pre-cursor to a poor seismic result for KN#1?
On the plus side, us holders get to participate in the share raising on an equal basis so no dilution unless you don't take up your rights. Also, it indicates that they will waste no time upgrading the oilfields and still have cash for further uses. Perhaps the Borsano block is close?
Ann: Renounceable Entitlement Offer to Shareholde, page-13
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