Yes they are going to raise some more funds around the end of Q2...

Yes they are going to raise some more funds around the end of Q2 via a rights issue.

However the news that should be coming out soon should be very positive for the company and the share price, but until it is announced that they are doing long term production from J-50 & J-52 into the market place and have sold some oil via the production licence and received the cash for it. There will be some political risk attached to the company.

Its a different story once they have achieved this, plus of course the flow results from J-53.

LOTM