Ann: Half Yearly Report and Accounts , page-8

ronstieb,

Timing is the key issue going forward if they don't move quickly all cash on hand will evaporate.

Sinopec can fund further wells and if they press the development button on SW where on earth will AED get their funding from, no bank in OZ will touch them or get shareholders to support capital raising, 100s of millions required!

The big joke was their talk about doing corporate deals and buying other assets in oil sector, shows how far wrong management has been which is the only consistency you can say about them

Broker advised Tregonnimg needs cash for a very expensive property he bought, time will tell if this is right as has to lodge change of shareholding notice.