http://www.theglobeandmail.com/globe-investor/news-sources/?date=20130513&archive=bwire&slug=20130513005934
This should take care of any dilution fears, at least in the short term.
The exploration well has been forcasted for 2H 2014. Thats a lot of time in between. Hope they are doing some work on their other prospects in the meantime.