cottee + the bru effect, page-39

HEre is the Content of the relevent slide...from Presso in Nov


Costs Down, Expense Coverage Up
?Central annualised overhead reduced by 40%
?Santos and Total arrangement contribute around $4.5m cash & cost coverage in next 12 months


Calendar Year 2013 Working Capital Outlook
? Sufficient working capital to cover operations at current plan
? $78m of free carry exploration spend from JV partners in the work period
? Assumes no further in-flows from any additional JV arrangements
? Assumes no benefit from early option exercise
? Assumes payments on coal tenements deferred or transferred

CEO think he has the cash situation covered.