hello Ironjack5 I copied this from the 2013 annual report. It...

hello Ironjack5

I copied this from the 2013 annual report. It was in tabular form but the formatting didnt copy

Macquarie Bank Credit Facility Maximum loan amount Loan amount capped at currently drawn amount of US$6.5m Loan Security Limited to the Turner Bayou project assets only – The company’s other assets, including cash holding and other projects are excluded Interest rate 2.00% p.a. payable monthly in arrears Maturity date 28 February 2014 – May be extended if farm-in partner or purchaser obtained to close on acquisition – Negotiations underway to extend maturity date further by funding the installation of lift system on Rosewood Plantation 21H well Other The borrower has retained an acquisitions and divestitures specialist to assist in maximising project value through a farm-out or sale or combination of both through to the maturity date.

I think the company uses the calendar year for reporting as is done in the US. they released a half year report to 30th June in september this year so will prob see the annual report in march 2015. Sorry, I'm fairly new to pryme but think the capitola project might be the one to turn things around for them.

Regards