RE: spp, im not sured i'd participate at 3.5c + free oppies. i can do the same on market(or better if i dont like the oppies). so im not upset about that.
RE:9% of Bullseye. its a good thing, nothing concerning their. flow rates are lower than expected but we get a bigger share. To me they are diversifying risk. If FP was a duster we now have higher cash flow from Bullseye plus more upside potential from future drilling.
RE: use of funds. good again. expect more ann of part share in future project. again spreading the risk. all good.
RE: 3.5c...well atleast it should help keep the shares at a certain level, even after a bad drill the 3.5c might help keep sp alive. yes it will create profit takers if we hit oil and slow the rise but the funds will be used well.
Better to raise now when we know we can get 3.5c then to wait and take our luck with FP before raising funds. good risk management.
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