Well if he is going to tap existing shareholders he needs to do...

Well if he is going to tap existing shareholders he needs to do it quick as he is running out of time even with the extension.(prefered option)

I reckon if we just secure ownership sp will appreciate on the excellent drilling news and removal of uncertainty surrounding ownership of asset.

THEN he can do a good deal on funding development.

I seriously hope they are not using this extension in the hope that market sentiment will turn around.