Oil & gas giant Santos (STO) won't be the only one finding its capital raising efforts hamstrung by the volatile oil price

Oil & gas giant Santos (STO) won't be the only one finding its capital raising efforts hamstrung by the volatile oil price. There's another little known ASX-listed technology company who is praying for a quick oil recovery. The $22 million market cap minnow has so far escaped unscathed (its share price is at a one-year high) from this week's horror crash in energy prices. That's one of the few advantages of being tiny, illiquid and under the radar of most investors. However, if the crude price continues on its free fall, Mobilarm will struggle to convince the market to support any capital injection program. Management hasn't said anything about raising cash yet, but based on my estimates, the developer of a man-overboard device that's primarily used in the offshore oil & gas industry will need around $2m-$3m in expansion capital early in the New Year to support its next growth phase. The device, which fits into life vests, alerts rescuers and quickly pinpoints the exact location of anyone who falls into the ocean. Click here for more (VIEW LINK)