Ann: Half Yearly Report and Accounts, page-30

You may well be right. But the issue for them is that the gas price is currently US$2.80 so not much profit and each well plus development cost is around US$5mil. Either debt or more convertible notes to fund every well.

I am inclined to believe that they will sell Hummer so they delay the need for a CR.

As for Trading Halts, the last time they had a trading halt it was a dilutive Rights issue with all that cash now gone. So trading halts can be a double edged sword !