media watch, page-68

why would they need to sell further assets when they will have 20m coming in from the chinese asset sale?

I'm quite happy that further assets will be sold off and they can concentrate on the UK and potentially NSW down the track.


+ 20m cash from China asset sale

+ reduced monthly spend of ~1m

+ farm-out to fund shale development

+ 100m project funding



I reckon they're just about set for a couple of years, at which time one could reasonably expect a much higher SP to raise further funding.

What's the problem? Revenue?
This is an explorer guys.