Ann: High Peak Completes Oversubscribed Placement, page-2

1. It's frustrating that there is no detail on why we suddenly are paying down the debt to Macquarie Bank and that there is no explanation of any benefit from strengthening "the Company’s balance sheet and working capital position." Previous guidance was that HPR was comfortable with the Planet Gas debt and that we had plenty of scope to be seeking further purchases.

2. A placement as the vehicle for the raise rankles, I get that a CR is expensive but a 23% discount to market price is a kick in the guts to existing holders. My only hope is that this consolidation might be part of a bigger plan for merging with FZR?

3. When the hell are we getting some communication around the Origin royalty?

I feel HPR has plenty of work to do on effective correspondence with shareholders.