If bankable reserves are forthcoming and a re-rate occurs, then near-term future funds will almost certainly come from debt or up-front payment(s) from gas customers. The company would have a different profile going from explorer to emerging producer.... Remember too this CR was only for 2.5 to 3m and was oversubscribed to $5m. The company should be well situated in the short 4term one would think.
Kip
RLE Price at posting:
9.8¢ Sentiment: Buy Disclosure: Held