suspension time frame...?, page-15

An excellent solution until full financing is sorted (still stated in the release that they are progressing financing intiatives) which will enable them to participate in HW3-ST2.

I think they will need a bit more over the next year if they want to progress Aje. I was wondering about Aje though, that they may be able to get an RBL facility should the joint venture reach FID prior to drilling the 3rd EPS well.

This would easily be the optimal solution, raise cash via a convertible loan note for the ST and flow test, which will surely enable them to get to FID on HW too, and then raise development financing via an RBL for Aje and then for HW following a successful flow test (hopefully).

If all this comes in, then the BOD need a medal as this would be absolutely fantastic for long term shareholders.

Progressing well as it stands.

Psi - I think the idea of the convertible loan note strike price of 11c, is that if the flow test on HW comes in and they are progressing Aje development with no additional dilution then they would expect the SP to be north of 11c and then conversion is a no brainer.