Ann: Repayment of Loan to Tamarind Resources Pte Ltd, page-8

The source of the intercompany funding will be very interesting. You've got to assume the funding was at least AU$2m giving us some working capital through 19Q4.

I had this quarter forecast at $3.5m revenue with a net operating loss of $2m. Subtract another $2m for the loan left us with $200k cash, but given $1.4m is tied up in escrow we were $1.2m short. Fair chance TEG has done their usual and that costs come in $1m less so there'll be upside to this.

Q3 isn't going to be much better in terms of cashflow. Not until we fix that well and/or sell some GAS. Best case is a break-even quarter, unless the strait's closed and brent goes through the roof.

Court date has been set for GAS in late Sep. Would be ideal to hold off until after the verdict before selling down, let alone holding out for a corporate action. Most profitable option will likely be to hold on tight and scrape through until 3D results are out then run a placement off the back of some hopefully spectacular analyst spruiking. Watch for a placement to 'raise funds for a drilling campaign of several appraisal wells and some working capital' as our get out of jail card while preserving GAS upside.

Bring on Xmas!