Ann: Renounceable Entitlement Offer to Shareholde, page-9

re: Ann: Renounceable Entitlement Offer to Sh... Thanks Starwin man.

I did read the announcement and the bit you're quoting from but it's a fairly vague statement. I guess only the directors know what their intentions are. The real question comes back to one I asked last week. What kind of money would be necessary to bring these wells up to their projected maximum possible flow rates. I'm sure Midmar would have already done the sums. I'd like to think this raising was going to achieve the improvements discussed in the purchase announcements but have no idea what the costs for the horizontal drilling would be. Or the time frame for achieving it.

Fingers crossed I guess.

Illiquid