For existing shareholders, IMO they will have the added benefit...

For existing shareholders, IMO they will have the added benefit of waiting to see the initial results of EP437 before sending off their application.

The spud date has been smartly aligned to the Record Date of November 10, and with the estimated drill time of 2 weeks, all existing shareholders will have a good idea before the Closing Date of November 26, before making a decision to take up their entitlement.

Initial success on EP437 will be a great start to what looks like a very exciting 3-4 months.

Cheers
R