Offer, page-18

Yes farm-ins = good, cash in hand = good, short term funding = good. But in 24-36 months, we won’t have revenue yet and will have run out of cash and need more, so we sell off some more licences? Or maybe a capital raise? Or debt? Dart still need to raise and spend $$$* @ Airth, once we get permissions - Total and Suez don't seem to cover 133 (I might be wrong on that). How far are Australian assets off producing revenue, 2018? (*Pg 107 & 135)
Certainly we’re not in a bad position at all, the cost cutting has worked well and the focus on UK has been good. In three years’ time, where could DTE share price be? I don’t think this company is heading to 30 40 50+ cents any time in the reasonable future. I want it to be.... But what's the driver going to be? If we are undervalued - where is the counter offer? the other oil company going 'we need to act now, or Igas is going to get dart for nothing'
It’s going to be much more fun to vote no - and see what happens - But my faith has been battered over the last 3 years. IGAS+DTE is not a bad option, IGAS is still a good company. But it will be a slap in the face when they likely offload the NSW assets to NHC for $1