return of capital, page-2

Yeah.

Once that capital is returned, I cant see how they can pay to develop Maari, if it has a sub-bankabale feasibility study.

I estimate their 5% of development costs to be about $14m, and I cant see how they can raise half of that in equity.

Ian Whitchurch
Accelerated Farmins Australia
Prefloat Consultants to Merlin Petroleum
0421 864 278
[email protected]

This is not investment advice, and before investing in any of these stocks it is important to read and understand all documentation and seek professional advice.