The Capital structure of GLL as I understand it;
225,679,357 shares on issue, nil debt
4,750,000 Performance shares to directors vesting on the booking of 500PJ of 2P reserves
5,100,000 director options, exercise $0.125 expiring Nov-19 ($637,500)
14,155,000 options exercise $0.50 expiring Dec-19 ($7,077,500)
21,666,667 options exercise $0.75 expiring Dec-19 ($16,250,000)
Total potential SOI: 271,351,024 with total $23,965,000 raisable
We should be cashed up by end of next year
Ann: Galilee Energy Announces $13 Million Private Placement, page-9
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