RE: Share issue20 May 2024 10:53
From the presentation last week I see EWT only in Q3 not another well. That may come later. A good EWT might bring in the wider industry interest and perhaps direct engagement that really can't happen without the EWT.
EWT on its own won't be all that expensive IMHO. So a fund raise may be required but dilution could be a lot less than 10%.
All speculation but everything to me points to EWT on it's own, using our rig and the additional gear required to carry that out.