Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-11

While you are close to the ballpark on Salaries @500k.. per quarter, that's all dandy if they are sitting on thier arses and twiddling thier thumbs.

So lets compare apples and oranges..



of interest..

then, Governance per ASX requirements.


Compare it to this quarter and my post.. you are right; expenditure has come down, but there are still holes to drill.




This leads us back to my post of :

Estimated quarters of funding available 5.1 versus 1.3,

which means they have to warn the market they "could" be looking for funding.

Now, we all understand they have had a "little trouble" getting gas out of the ground into saleable tanks on the last two wells and field.

So let's play Devils Advocate.

Payments for exploration & evaluation 1.5m
Staff and admin 500k
----------------------------------------
Total guestimation: 2m

$3,714m left on March 31st...

Skin that cat how you want..

But blind man Freddy can see they need those sales

Thus these next two drills need to be farting out that gas at rates that will make the market blink.