Seems to me listening to this Soundcloud interview that the big...

Seems to me listening to this Soundcloud interview that the big winners in this arrangement are ironically the OA holders. To get 3 additional months shelf life on these options effectively brings them much closer in value to the OBs because a great deal of the news flow (reserves, sales, possible farm in) will likely be known by then. And then as a bonus, they are 2c cheaper to exercise. I dont mind as i have similar levels of OAs, OBs and heads.

Its also great for the company and all holders because an extra $5M in the kitty should ensure that this was the last CR. It would leave them with about $12M in cash and in an excellent position to negotiate with the big boys in the Cooper Basin.

I think this raise will be but a brief blip on the journey of RLE forgotten by all holders by mid year.