Ann: Quarterly Cashflow Report , page-6

Pretty sure the right issues mid year is locked in. They will need the money if they plan on drilling two well next half of 2012. In reality we only get $52/barrel as $6/barrel is for transport and storage costs.
Agreed not going to be great for the share price, thinking alot of people including myself were hoping for a positive reserve report(supposed to come out 2nd quarter) to prop up the share price before the rights issue, looks like thats not going to happen... dang!
ahhh well on the positive side at least we know the second half of the year will be eventful.