Ann: Brief Update , page-4

I agree with you, but not at all surprised by the decision. CF was all risk. In my view a good decision. As regard to SJ, they have stated that they will be drilling this dry season which in NT parlance starts in May. However, there are a lot of variables that can affect start dates ie; rain, wet ground, accesssability, availability of rigs etc. It sounds as if they have firm plans so I would assume that they have funding or a source, they might even ask for as CR. How much would CF be worth? Enough to fund a drilling campaign?

It really is back to square one. In reality they have done Sweet FA for the last 12 months.