poor track record, page-21

...and why the talk of capital raisings?

The 3Q estimates ~$2 million left after December quarter.

Bigham, even at current flow rates, will allow market valuation of the acreage. I wouldn't be surprised if they don't simply sell that land and focus on OZ.

If they don't sell, the US assets will generate a modest income.

Farm-outs in the cooper are also very possible, especially given the initial results.

They have several options, and as we keep saying, lets wait for the final Bigham results, which are far from terrible to date.

Some irrational pessimism going on at the moment.