Oil price up, page-42

I do know about the rebate, 85% 2015, 75% 2016
I was asking about your statement of $40million
They have spent over 50 mill doing first drill. 85% rebate is about 40 mill
I was sceptical to a cost of $50mill, but was not sure as to how much the first drill and evaluation would be.
I am pleased to see that the facts are so much better than your guess, as it is only $15.8 mill, and that the rebate will cover the B of A loan.
I like the up front plain speaking, and reporting still of 88E management, it would seem to me that whatever happens with 88E, we as shareholders will be told the facts.