Ann: Drilling Update , page-4

Yes, that's how it seems to me too, Jackgreen.
Seems like they still have cash in the bank of about $8.4mil ...up about $300,000 from last year.

They are doing a Selected Shareholder fundraising which they hope to get 21 October approval for from shareholders for another say, $1.6mil. Those top select shareholders seem to be keen, whatever has been disclosed to them, to go the extra mile and invest into it ...prospective acquisition, it seems.

So, it seems they need the schmo' to do a purchase of another gas producing company up around the $8 to $10million, i am guessing.

They might want a bit of a cash-up top-up from us shareholders to sweeten the security side of the acquistion, and provide operational funding.

Just estimations on my part ...nothing concrete to go on except this drilling report and their recent Report to us all.
Anyone have any other information?