agm, page-3

The Qld assetts are good bread and butter deals each well is worth about $2m p/a to Entek and we only pay 66% once more, then costs p/well revert to 28% maybe $300,000 only
4-5 wells is good money to us
Then add HI 24 then add GOM 138 the income is important should the market shift in general
all this was discussed today at the AGM
They are not keen on issueing stock for money but have to fund all this drilling to get the income stream considering this company was significantly in debt 12 months ago they have had to do what raising they have to get sufficent funds to allow for drilling