Ann: Grieve EOR Project Progess Report , page-4

Still no money to do the job.....wish we had $10m in cash!!!! Im sure this report is being used to pressure the possible AJV partner into signing. I wonder how much it will cost them for the bulk share of over $1 B dollars of recoverable oil in place!!

better than bankrupcy I suppose!!!

From the report today.....

The Company has made its decision to proceed with Grieve Phase 1 chemical flood EOR development and is pursuing multiple alternatives for Phase 1 project funding.
• The first stage of the Phase 1 development plan for the field includes well surveys, additional engineering and design optimisation, and progressing new injector and production well approvals