Enterprise, the $300 million was the figure mentioned by the analyst that asked the question. The part that said "the timing, the price and the amount has not yet been defined" was part of the response quoted by Keith Hill.
I think you might be right in that this could be only part of a financing. They will have enough cash to keep working for an extended period and then could do another financing in the future at a higher price. I'm kind of surprised that they are raising cash at 7.75 -- if these wells look so good why not hold off until we have full testing results?