Strange move to commit to a $11 million well. If Jaws doesn't come off, it's going to be tough to raise that money. Which means they might try to raise the cash prior to the Jaws result. I suppose it's best to plan for the worst and hope for the best. At least there's a contingency plan in place, so shareholders get another bite of the cherry if Jaws is a stinker... Although there is no reason at this stage to think it is.
Ann: STX Acquires Interest in Highly Attractive Perth Basin Block, page-5
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