afr, page-6

Dare I say that we're on the cusp.

I've been very impressed with how the SP is holding up in the face of the latest capital raising, that said the new paper hasn't arrived on market yet.

I took my full allocation last time around, it's pretty insulting to long term holders to imply that we didn't step up to the plate and so are excluded this time around. The continual failure of management to meet promises in the past, left many understandably nervous about participating last time.

That said, I'm very supportive of the cap raising, getting a big slice done now and moving on rapidly is what we need, not a whole load more potential delay.

Five contracts would be nice, would be even nicer if they needed two or more rigs to service... Extremely glad I held on to those options!