Ann: Trading Halt, page-28

All sign seems quite positive come Friday. But one can never be too sure. We'll find out how good a deal maker RC really is. The Magellan acquisition points to the capability of RC in striking a win/win deal.
The original farm-in deal with Santos was for stage 2 to be worth $60 mil. We now have RC indicating a maximum free carry of $36mil. Where does that $24 mil disappear to, or what form will that translate to in the amended stage 2 ? I'm confident that North Mereenie /Mereenie/ or Surprise will be in the mix. Also, the shale beneath the Mereenie area sits in the wet gas window, Santos would be mad to give it a miss. As posted by Mongy, they seemed pretty bullish about unconventional resources in the red centre.

What ever outcome this deal turns out to be, for it to be positively received it must address our immediate funding issues, and the need to accelerate our conventional exploration for early cash flow. SGB will be our long term play, the Southern Amadeus and Pedirka will be our long term play. What's left is the Suprise to Mereenie area that can give us early cash flow.