Ann: Rights Issue Shortfall Notice, page-177

Okay, so now 2nd trading day since 19 April Appendix 3B issue of shares from failed cap raise.

Appendix 3Ys from directors required to be lodged within 2 days.

Does this mean David Casey did not support the CR?  Offer Document said he would support for "up to 5m shares".

p.20: Mr David Casey has determined his level of participation in the Offer will not exceed 5,000,000 shares.
p.30:  David Casey takes up 5,000,000 New Shares under the Offer (as he has indicated to the Company); and

Shortfall Notice:
Managing Director, Mr David Casey, said “our shareholders have provided a clear indication of how they want Petrel to proceed with its Uruguay exploration. Petrel’s preferred way forward had been to raise capital and find a new funding partner for Uruguay that could assist with paying creditors and move the project ahead by drilling wells.

Perhaps that should have read:
'our directors and shareholders (including the MD, Mr David Casey) have provided a clear indication ...