Highlights

Permian Project
- Five wells on production
- Primary legal case stayed. .


Napoleonville Project
. Hensarling #1 well commenced production on 3 July 2013.
- Two legal actions resolved without further cash outlay.


Financial

- Company has concentrated on reducing trade payables from operating cash flows, whilst limiting drawdowns from working capital facility due to the current share price.

Corporate

- Company continued its overhead reduction program and further reduced full time staff in Houston.
. Cash balance as at 30 September 2013 was $0.38 million



Wow, these are the HIGHlights. Impressive !

Having $380,000 in the bank after a two year project, countless capital raisings, 5 miserable stop start wells in an incomplete state, a well advertised, sprouted 10 well programme which was going to take us on to a 100+ well programme and they have the audacity to tell the market their $380,000 is a highlight.


They also have for some strange reason limited drawing down on the Lind facility because the SP is .001 ? It's been there for months.


Sorry Mr Graves I do not agree. And that's my honest opinion.