Ann: Form 10Q 31 December 2018, page-2

Not audited by who needs that to reaffirm

1. Negative Shareholder Equity

2. Insolvent .... even after backing out the credit facility repayment. Just take Current Asset - Current Liabilities (ex credit facility) and you get a Working Capital deficiency of $7,557,552

Who would lend any amount of money?  The first $24M goes to MOB, The next $7.5M goes to paying off creditors (Accounts Payable). Then you need some working capital to drill etc ... at least $4.5M I would think ... If you had $36M would you lend it to SSN. I wouldn't - how would they pay interest ... in worthless SSNYY ('cos SSN.AX isn't trading) stock?