Ann: Quarterly Activities Report & Cashflow, page-12

I think maybe you read the wrong sheet - maybe a Tom and Jerry comic !! Ha ha - no disrespect, just humour.

Project Phoenix (formally Icewine East,~75% WI)
•Hickory-1 exploration well scheduled to spud on or around 1 March 2023, targeting 647 millionbarrels of oil1,2
•Well location informed by extensive data suite analysis.
Located in the sweet spot of interpreted AVO anomalies
Focused on the oil-bearing conventional reservoirs identified in adjacent acreage and duringthe drilling and logging of Icewine 1
Designed to appraise six targets within SMD, SFS, BFF and Kuparuk reservoirs
Strategically located proximate to significant, established infrastructure
•Drilling rig contract executed with Nordic Calista for Rig-2
•Permitting and planning on schedule to be completed end of January 2023 or shortly thereafter,with the final well cost anticipated to be lower than the previous Icewine wells on the acreage

And

•Cash of A$14.1M and no debt (as at 31 December 2022)

Anyway, GL if you are looking to buy @Ralii