40 percent of 2.3b barrels of oil, page-20

Salty I would have thought we would of needed 30m odd alone for 3 wells at Gindarra. If we allocate 25m to SC54 as you suggest we still need capital for shallow targets and Sambuca. Not sure if we can bank on the shallow targets at this point. I reckon we'll need to issue closer to 100m to manage all the projects over time.

While the announcement was oustanding I thought releasing it in June on the back of a flowing Galoc might have provided more bang for the buck so to speak, and may have got a placement away at closer to 30c. This of course would of had its own risks.