Ann: OEL: Winx-1 Drilling Update, page-196

Naa I think they are done with CR but I do fear a FO more than if we raised the money ourselves.

Winx was cheap which is not necessarily IMO a good thing.

No matter what happens from here on there will surely be more dilution in some form or another.

I could be wrong but doesnt that mean we would be benchmarked against the value of Winx.
My guess is 25% of our potential reserves for only 5% of our market cap for a FO (or there abouts???)?

Realistically what are people expecting a FO might be worth considering that a FO is essentially a CR?