Ann: Felix Prospect 100 MMbbl Potential , page-4

Guys I share your enthusiasm for a bonanza but don't we firstly need to find it. That involves funding( Newell has spent the last 2 years and more recently, with the help of advisers, to no announced avail). It also requires drilling success...Newell was equally excited about Wardie which he chose to drill ahead of Sea Lion despite prospectus obligations and we know the sad end to that. So what basis does anyone have to get so spruickish. In the meantime Newell gets another 12 months reprieve at our expense...but let's hope the share price trajectory continues so we may get our money back.