Ann: Trading Halt, page-73

Very unfortunate that the company has to raise money at these low prices, however, it was brought on by the unfortunate delay with the initial payment on the Cliff Head deal, as others have highlighted.

We will now have a lot more paper. Such is life. I have put in an order at 1.4c and if hit when we come out of the TH it will go some way to softening the dilution blow.

Let’s hope the drilling is successful, then we will be smiling.

I note there are three wells planned. Booth, Becos, then a third, which, I get the feeling is the fallback well if our big hopes fail. That’s the impression I gained from the CT recent interview. It’s not exactly a situation of “all in”.

Anyway, tomorrow is another day, and we bat on.