Ann: Positive Regional Results at Withnell Calvert and Gillies, page-78

no that’s incorrect as it says cash at hand end of June $96 million.

also Andy recently spoke about 16 rigs previous qtr down to about 10

the agressive drill campaign has slowed a little to focus of PFS mid September.

operating costs are around $3.8mil per qtr, that will prob stay there abouts. The main cost is the investment in drilling $23mill for the qtr.

so 12 months before no money, if they drilled at previous pace. I’m not so sure they plan on going as hard hence the drop in drill rigs.

bjt even if they did cal raise, who cares, discovery cost is low and they put 85% of the funds raised towards investment activity. So many other companies have rediculous operating expenses and only 50-60% of funds go to drilling.

deg is a well run machine digger up a beast.