Ann: Indus enters Term Sheet to acquire New Era Oil & Gas, page-8

Congratulations to Jonathon Whyte who has worked tirelessly to keep costs down while exploring numerous opportunities to give shareholders some hope for a future along with an ability of those wanting to exit, the chance to do so.

The person who controlled the company and who had a major holding is gone as is most of the shareholder funds. 

The company could easily have gone out the back door but for the persistence of the current Board.

Hopefully shareholders can retrieve some value where there was none.

New Era looks promising with the focus of the Cooper Basin along with the expertise that New Era will bring.