asx notice: response to asx query, page-12

Sentry wouldve been backing out of the JV cause they couldnt raise enough cash to go through with it......AND its a good call on MHL behalf...CAUSE as they themselves have stated...JV was agreed to at a oil level of around $60 a barrell.....as oil is more then $140 at present+neighbours have actually drilled and interecpted OIL.......i beleive theve done the right thing...by pizzing off the wannabes(Sentry)......and hopefully well get some proper oiler into the equation.......Santos would be the go.....wouldnt take much to mobilsie the rigs etc...just drive over the tenements boundry!