I recall posting some months ago that I was concerned with our burn rate and wondered if we will have to do a private placement if the process drags out all year. I also remember that I was ridiculed and we had budgeted ample funds to do the necessary drilling, yada,yada,yada.

I don't remember who it was that responded but the response was that we would never do another PP at such a low price. That was around $2.

Well guess what? At least things are starting to happen, and if Bow's numbers are anywhere close to the ultimate selling price, then the $1.80 PP is a moot point.

Ismore