"(Maybe, under clause 4.1 the company exercises its absolute...

"(Maybe, under clause 4.1 the company exercises its absolute discretion and if there are takers issues up to the maximum of 30% of issued capital.

by my calcs it could do $16.5 if it got the applications.

That would help on the swiss cheese aspect.)"

Cmonaussie,

You have a very good point there. Because, as I wrote in my post about the phone conversation I had with JH last Saturday when he was flying out, twice I tried to raise the issue about the SPP, before he started breaking up badly, and he changed the subject. But, it could also have been that any comment that he would have made with me about that, could have been considered to be some form of insider information as well.

Could he have that (What you said) in mind ?? No one really knows and neither do I. But it is all possible. And, most importantly, in both the announcements about us finding oil and about the increase in the oil flow, it reminded us that the closing date for the SPP is on the 25th of January current.

Me, personally, I would prefer that retail investors would finally take up their entitlements instead of pattos getting their hands on, when they will end up selling it anyway as soon as they will see a small price movement in their favour.

Cheers