Ann: Annual Report to shareholders , page-6

I also note ,

1) massive increase to the salaries of Dalton and Dan White

2) Additional directors fees now with 6 directors.

3) possible relocation costs to Brisbane maybe $1 million IMHO???

4) No breakdown of oil sales income?

Now all this additional expenditure can only support two explanations.

a) the board and management have gone stark raving mad and raiding the kitchen cupboard.

Or more likely

They are very confident (almost certain) that they will have enough income coming in over the next 12 months to satisfy that extra expenditure

CB