Warrego are fronting the cash, in a sense. They sold 50% of the...

Warrego are fronting the cash, in a sense. They sold 50% of the Warrego prospect to Strike in return for $11 million in drilling expenditure.
From what I can tell, PRL was near bankrupt and run like a headless chicken. Sometimes you've just got to be grateful when you get another roll of the dice. I've held a couple of companies that came good after this sort of reverse takeover. Sometimes the shareholders of a company in PRL's position end up with a tiny slither of equity in the new entity, like 1%.
If Warrego comes off, many of you might make back all the money you lost and then some. It really is an exciting prospect.