WA-507-P, page-4

- so 4-6 years for a drill. Guess they can string some more wages out, whilst on the way a few placements to friends and alike.
- $1.3m for 3d seismic, which gets you thinking that if the licence were that good, someone would have drilled already
- The permit is offshore, so $100m to drill? obviously look at farm-out but yeah, a lot of money needs to be raised which translates into a lot of dilution for existing s/holders, and would existing holders put money into RTD again based on their tremendous track record? looks at the numbers Statoil are throwing at the nearby block.

AND this begs the question, well if you are going to raise funds to finance some seismic, evaluation blah, blah blah, why dont you raise the funds and pay for the drill in ALASKA where we know whats there and all the work has already been done! FFS!