I read somewhere that CNOOC doesn't even care about making money...

I read somewhere that CNOOC doesn't even care about making money with EXE. They're just using EXE as a test company for new shale technology that they will use in mainland China.

CNOOC will throw some more loose change into EXE so we can scratch around in the dirt some more.

A nice $25M+ farm in should send EXE back to 15c+.

I get the feeling this is happening now to get EXEOA over the line, otherwise they would have tested Katerine East in a hurry.

Once funding is all sorted this should run hard. We will have $27m cash (oppie convert), plus $20m left on the first farm out. Not to mention a hit at K East would send us into the sky!