Ann: Entitlement Offer - Extension to Closing Date, page-24

Weather the money was a grant or not. They could have elected to save the money spent on the pipeline and contractors and put it towards drilling another well wirth while.

Sorry I just dont like the fact that the reported flow was 2 million share price was 14c at the time and with the sector atm it was heading to 19c. then cap raise at a 25% discount and then anounce that the flow rate was actually crap. this is what has annoyed me how are investors meant to respond to that? I bought more after that announcement because 2mill with 30% fluid recovery sounded ok to me.