hi kip and all others on here just wanted to say that i was not...

hi kip and all others on here just wanted to say that i was not happy when this ann came out but after a few days cooling off i managed to find what i think aint to bad 1) The sophs got a bargain again i know but most times us guys can buy shares for less when they offload and this time looks no diff and ye we dont get the option thrown in which i know bums a lot of people out and yep they were set very low but its another $2000000 if they get ex which i want a long with the rleob from last raise.I was even hoping the rleoa got ex which may have got stuffed with this raise who knows not sure about exstension on them but with all the options and the heads the company would have about 400000000 shares which aint that bad when you look around the asx for a co at this stage with three wells ready to produce and processing sorted so i think management could have done things better but they could have done things a hell of a lot worse like stuffed the wells etc.The one thing that would bum me out worse than this cap raise and that would be to farm down i would rather all the ops get ex and cop the dilution than lose some % of our leases.Before you go bonkers at me take a look at BRU they got what i thought was a great deal in which they gave up 50% for $65000000 cash extra for drilling and there s/p went down not up they have struggled to get there mc above $100000000 and they are producing.So im stayen in for now