Ann: Half Year Accounts, page-13

we got ALMOST no hope getting 2 wells up unless we do it simultaneously

34m AUD is about appox 23m USD should be enough get two Wells going im still not 'ruling out' a CR because it is still working on a breadline esp if oil and gas prices drop significantly which i doubt will happen

i stil dont understand why we rushed Well 3 to sit on our hands for almost 2 months doing nothing about the next Wells - perhaps the optimists are correct and we are 'selling land' and this will pay off i dont like to up or down ramp i just like dealing with facts.

the fact is we arent drilling but we do have the money to drill, so the question is why arent we drilling there probably is an explanation but it is strange how slow Well 4 is coming along