you raise good questions that need to be aswered.
It would be eqaully stpuid to sell the light oil in battrum. It is the one that paid our expenses before pod 1 and it is what will help with cashflow .
Your conjucture about pdp farming is far fetched. It will not happen.
My only beef with management it,they should done this dilution a year ago, at 5, that would have been 1 billion cash and no debt and now would have issued debuntures in at lower rate. ALgar could have been completed at lowe cost and when oil recoveres and stabilises we woul have ridden the profit.
But hindsight is 20/20 as we say,but ai hope that our hindsight will foster our forsight.
THe debt scares the help out of me