The last announced PP that was cancelled was for about 18 million. This would have covered the Lotshi drill and 15% of related 3d cost for 1711. This was for .45.
While we wait for the announcement of the "next" PP, if ENG wants to raise an equal amount of the last attempt, we could be looking at a 50 million share addition to the current float at current SP prices. Hopefully Jeff can muster some sort of deal with a JV to reduce dilution/costs.
Dry season in Lotshi is nearing and to be able to drill this year, ENG needs to get it together.