Become a member today. It's free.
We will not release or resell your information to third-parties without your permission.
Success feeds on successl If this well hits it will be easer to finance the next wells. If the stock get to $1.60 a share it will be possible to sell new stock for a $7 million dollar well for less than one percent dilution. And they won't even need to do that until they run out of money. And by the time they run out of treasury money they may have enough oil revenue to keep going without further dilution. And don't count Gallic Energy out! It could be the best thing they have going. The gas zones have all been drilled through in the past by other companies occoring to what I understand.