Maybe I am missing something in the Qtr by Qtr figures.What I...

Maybe I am missing something in the Qtr by Qtr figures.

What I don't understand is how Production, Sales Volumes, Unit price are all UP and Sales income is almost $28M and yet the NET DEBT of the company is only down $2.6M.

So, 90% of Sales Revenue is Capital and Expenses?

Capital (including Cooper basin) was $8.8M

So, What have I missed? Is Operations costing $16M per Qtr?

Cheers,
Currently a long time Hold but with such minor incrementals in SP (which seem to be reflecting Net Debt to me) I don't see how I can make 10-15% return in the next 12 months.