cash burning out, page-4

Rob,

I believe that JV is the same one you talked about some many moons ago - i hope you are right - im assuming you believe it will be free carry.

I would like to know how you know they have paid for this already, you must realise its a cash flow, a lot of the drilling is also to be paid that has already been done ie creditors. 90% of drilling is done via gradual payment so by end of December i would suggest not all has been paid is what im referring to.

living in PNG mate i know for a fact how expensive it is - and these guys need money simple as that