In terms the integrity of Eddie. Although I don;t know him...

In terms the integrity of Eddie. Although I don;t know him personally I feel he has our interests as holders at heart. We all must remember how many shares he holds and has bought on market over the past few years. I have no doubt that he is looking for an exit and retirement plan for himself, hence his purchases. This alone show me confidence. At the end of the day if he makes shiite loads then so do we as holders..

The way the raising was done makes sense to me - no dilution. Production is now steady and will only improve when the facilities can handle it.

In terms of the $300 000 per month repayments. At current oil prices that is $72 AUD per barrel at 1000 bopd gives us $876 000 per month.

When Dec 09 comes production should be higher due to ramp up of production at Growler and coming on line of Tigercat.
The POO could also be up which makes it very achievable for our small company.