6 months til drilling?
How do you fugure that they are going to drill in November?
Read this from today's letter to shareholders:
"The New Options have an exercise price of $0.08 each and expiry date of 30 June 2015. The Company will apply for quotation of the New Options on ASX. The expiry date of the New Options has been set to link in with a proposed funding event for the Company next year to finance the drilling of a shallow well on the Limnytska Licence (assuming it has not been farmed out prior to this date)."
They are saying the drilling wont take place until around 30 June next year! - We can assume that there wont be a farm in partner because they already are.
Ann: Entitlement Offer & Polish Acquisition , page-11
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