give me a reason, page-27

Hi Simon,

No we didn't find out what exactly it was spent on, but reading between the lines it was either or all of:

payment to srk for report on gravity survey,

deposit with application in indonesia,

initial payment to oil Advisers.

All these were in the last report on 20th may.

This purely my own supposition here, as these activities would incur expenses, but would come under admin costs for reporting purposes.


Also you weren't the only one caught out with the reaction to the last JV deal with medina. I also held. I am now just getting back to even.

cheers

steve