Ann: Half Yearly Report and Accounts , page-19

ok... So I think i get it now. Formula 1 has been a bit of a distraction (good onya Daniel Riccardo)so happy for you to correct me if i am missing something

CTR acquired a short term loan ($1 Mil) with intention of having the lenders partake in the cap raise (raised $6 Mil). The lenders decided not to partake, and CTR didn't pay them out of the capital that was raised.

So now we are paying through the nose for administration fees and interest associated with the extension of the loan agreement terms and possibly another extension (and more options) required at the end of this month.

Surely we could come up with other options for paying off these loans...

1. What are CTR doing with the income from the A4 oil production ($674,203 to Dec13)? Can it be re-directed to paying these loans?
2. Apparently we overpaid RRS 300K

Maybe we can ask for that money back off Range??