Ann: Prospectus - Entitlement Offer , page-24

Thats arguable Petergm, there offering 1 for 5 shares so approx just under 200mil shares at 6.4c.Theres currently 1.3mil shares for sale between 6.2-6.4cents.Theres a slight shortage of shares if you ask me.BUT this is only realised IF shareholders have actually done some serious research on WA-435-P and WA-437-P permits that host the Phoenix South Prospect & the surrounding areas.Not to mention any reseach on Apache or JX Nippon or the recent 3D seismic data upgraded on the prospect to a MULTI TRILLION cubic foot prospect that is also in close proximity to the PROVEN gas reservoirs in lower Triassic reservoirs at the Phoenix-1 well....the only thing going on with the share price since the announcement is accumulation.Remember this post in 1-3months...just my opinion tho.each to there own :)