Trading halt in the US...delisting from NYSE, page-10

Geez @buc don't make me do the math .... haven't we suffered enough.

Sep Qtr produced 55,000 barrels of oil.
Therefore at most during the next 4 Qtrs (loan matures Oct '18 or maybe beforehand) would be 220,000 barrels. Wells decline. They have no money for maintenance or Capex (trying to pay off loan right). Guessing 150,000 barrels would be generous?

I'll just leave all other numbers as is and say a miracle has occurred and they get an extra $60/BO more bringing sale price to $100/BO

$60 x 150,000 = $9M. The facility is fully drawn at $24M

Is that plainer enough?

Could a preferred stock equity issuance put the ASX share price up to 0.004 - hope so.

If you could orchestrate a pump or a bubble I/we would appreciate it - otherwise the fetal position may offer the only protection.