Quiet Period

The federal securities laws do not define the term "quiet period," which is also referred to as the "waiting period." However, a quiet period extends from the time a company files a registration statement with the SEC until SEC staff declare the registration statement "effective." During that period, the federal securities laws limit what information a company and related parties can release to the public.

http://edgar.sec.gov/answers/quiet.htm

What's a "registration statement"?

"...a set of documents, including a prospectus, which a company must file with the U.S. Securities and Exchange Commission before it proceeds with a public offering."

https://en.wikipedia.org/wiki/Registration_statement

Conclusion - A deal to fund drilling is on it's way, once the quite period begins.