There will also be another $9m injection by 12th Nov. However I...

There will also be another $9m injection by 12th Nov.

However I suspect cash burn will increase significantly over the next 2 Q's as 13 out of 14 tenders will need to be paid, assuming drilling and fraccing ops will be considerably more expensive than a workover rig.

As for capital raising, as you say if 78 and 80 produce the goods I would guess there would be scope this time to use debt as an option rather than issuing equity. Unfortunately IMO if 78 and 80 don't produce the goods I would suspect the first step for the BoD would be a share consolidation as the price will have slumped to perilously low levels, then step 2 would be looking for more sophicticates to hoodwink

It's a matter of just waiting and hoping as I see it.