My guess is at best there will be a small rights issue to retail...

My guess is at best there will be a small rights issue to retail if deeply discounted, but more likely it is just a straight raising to sophs or a single investor. I think after the last 11c raising, the company will be reluctant to come back to current shareholders, and more likely to dilute the holders that have been burnt.

By rights, given all the imminent upside, quick payback, imminent prospect grants and multi-million barrel oil targets and +tcf gas targets a dilution should be done upwards of 11c.

But is that likely?

But ignore all that. It is all good!