Ann: FAN South-1 well and SNE-6 TD announcement, page-44

Mike,

They raised enough cash to stay in the game until at least FID, we won't need to endure further dilution, as FID would allow us access to other funding methods, please note also that CN has mentioned in an interview a little while back with commsec that, reserves based lending is an option, reserves for SNE will be announced well before FID as well, this year in fact. So help my understand if you would, your justification for the need of another CR between now and first oil, can you outline why this would be necessary as you seem to have your mind made up that this glass is half empty. Different views on the same subject is human nature, just want to know how you justify your view.