I know the PIIGS/US are out of our control AJAX but these macro factors would have more of an influence on TRH than a capital raising at IRN. Every capital raising is different and I wonder if you witnessed TVN double after a 2 cent capital raising? IRN is a $300 million plus company whilst TVN had an Enterprise Value very similar to TRH ($23 million @ $0.60). That is assuming TVN at its high yesterday and TRH at it's low and including Tranche 2 completed.
What influence would Stone Energy's three 2010/2011 oil/gas wells have on TRH's exploration target? Increase or Decrease? A question to ask management maybe?
