Ann: Bullseye Prospect Sale of 8% Working Interes, page-14

re: Ann: Bullseye Prospect Sale of 8% Working... That seems odd sentia, considering they have just raised a few million. How much have they spent drilling this well?

IT also seems to be an odd time to be selling this stake, and could be taken as a sign of lack in confidence in the well. They are currently drilling into the so called sweet spots of this well, so again why sell the stake now? Are they so desperate for another 1.5 million?