Ann: Appendix 3B, page-7

P Bateman – You said:-
“Depends on what the deal consisted of”……

The deal seems to be:-

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01566383


5,000,000 shares at $0.01 per share issue date - 23 October 2014 = $50,000

16,148,648 shares at $0.01238 per share issue date – 24 October 2014
(basis 4.08% discount to15 day VWAP) = $199,920

Don’t know if these were all issued to Acuity Capital pursuant to Controlled Share Placement Agreement (CPA) announced on 19 September 2014??....

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01554319

Acuity Capital to provide up to $1,000,000 during the next twelve months (Sept 2014 - Sept 2015)

There are also 11,800,000 options to be exercised on or before 8 November 2014 …..

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01566383

If the SP can hit a price somewhere north of $0.051 before the 8th November!!....
Cash to SEG = $601,800

With that "Cash in hand" it should pay for SEG to drill out some more conductors before Christmas ??....

GLA - Oilf