ssn enercom presentation, page-32

That $28m will change though depending on what Australia and Gretel reveal, as per TB.

If they come up with the goods then they will be going on a 12 month continuous drilling campaign, what is $42m going to last, about 8-9 wells (at 6 million each 66.66% Interest and including revenue stream from other completed wells).

We may get through that but there will be a time probably towards the end of the year where more money will be needed, and by the sound of TB today they will not be using a bank, so it's either going to be a CR or JV. I hope it's a JV but if these new wells succeed, then our SP should follow and a CR would not cause a massive amount of dilution.

This point is still a bit off so we have plenty of things to looks forward to before then, heck who knows someone might even come out of the blue and snavle this little co. out from underneath us.