sale of 25% interest in bowland prospect, page-25

We raised fund from 66 mil shares to the current 145 mil to paid ATO and ANZ debt 2 years ago. Now we raise another 140 mil share to pay ATO+ANZ (the same debt we supposed to pay off already) AND Kerogen Facility. And Mr AC and management in annual report keep telling us we cutting overhead to reduce operational cost and increase profit margin, while contract revenue increasing and yet we have EBDTA loss in the last 3 years in a tune of $30+ mil. Can someone point out what is going on? where the money has gone?
Is there a another monument scheme some where here we are not aware of?

I got a feeling that small share holders are going to lose out on the Cuadrilla value sooner or later because of such imcompetence? or the wolves (within the management or bigger stake holder) are cirling in for the kill? Maybe someone here said was right UK shale is good investment potential but are we backing the right horse?

Maybe strong critics on this forum of the incompetence of management of AJL were right all along.

tgn01