If they are going to prove up additional reserves around Malolos then at least one rig would be handy to drill the additional targets they allude to in the ann - providing they have the cash. If they are that strapped for cash then I suppose they have no choice other than to sell assets or undergo another CR. Cant help but feel we are being softened up for another dose of dilution via another raising.
Ann: Half Yearly Report and Accounts , page-9
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