positive news, page-16

Cmon - in simple terms -

The convertible notes component is for $.06m ONLY? and the balance is a loan facility over a term of 24 months - covers opex - during this period and with the funds from the recent IP - covers IMMEDIATE requirements to frac SRH#5, and get 1 and 2 online.

This will then safeguard that portion of the leases relating to the Reserves ie. be in compliance with lease requirements for that portion of the leases covering reserves.

Is this too simplistic? But thats my understanding of the ann and what your interpretion is.

So somewhat better - than saying "more con note".

And balance negotiations relate to future funding and farm-in/jv with further ann later this month.