key entitlement offer & uk acquisition?, page-6

Back to the original question, given the purchase is fully funded and earnings positive from day one they will still go ahead with the purchase.

If there is a shortfall then what happens would depend on how deep the shortfall is.

Post purchase KEY would have $2.5m in the bank with about $1m of that needed for this quarter for administration and exploration costs.

So if they raise $2.5m or above then I would expect they would proceed with the horizontal well on the Lidsey field as planned. If the raising is $3.5 or above then I would expect they'd go ahead with work on both fields.

Personally I can't see the shortfall being even close to $1m so I expect they'll have sufficient funds to fully implement their plans for the Lidsey & Brockham fields.