Ann: Excellence in Oil Conference 2014 , page-4

I will have to respectfully disagree
As far as I see it we have 3 state of plays
*Management secure a loan
*Placement
*Sell assets
We have a $3m loan declining production and a share price heading ever more south. Management need to act and act sooner rather than later. Best I can tell they have tried to get a loan and sell assets and due to the lack of announcements my guess is they have failed on those 2 subjects, well to date anyway.
The only course of action I see for at least the short term is a place. As a shareholder I hate the idea but management have managed to put us in a real crap position. And the more they sit on their hands and the more the share price drifts south the harder it will be to get out of this mess. Action is required not time.
Lets be honest, management have given zero reasons to invest in this stock for 12 months now. A bit of drilling and increasing production is exactly what we need and to do this we need cash.
And hey if they can get up and going again they can always do a buy back down the track.