Ann: Quarterly Activities Report , page-4

If the company settle native title agreement, HPA for remaining tenure, drilling activities goes as planned and find any form out with big investor, it will be excellent next quarter.

Giving up the interest in Mongolia was good choice. I think TPL was planning for over a year and must have taken decision long ago. After many success in that area, I doubt TPL would manage to get any quality assets at attractive price.

Now with new manager, they should focus only at canning basin to prove reserve quickly as possible.

It is an interest quarterly report and I think company has enough money for drilling or might need to rise 1-2 millions but will not be so soon.

liveforsunnydays, I was reading your post on REY, do want to add anything to quarterly? Will company get permission for drilling?