Ann: Lyons Point Well - Drilling Update 12 , page-37

re: Ann: KOG: Lyons Point Well - Drilling Upd... Rob

KOG-.002 beats the hell out of .001. Just focus on what Mac Bank are doing for them over there if you are stuck there. Pay them a healthy fee and Mac bank will run over their own mothers to turn a deal.

The issue you have to worry about is the astonishing number of shares on issue. As one analyst said recently " the most out of control share register on the ASX."

If Mac Bank can pull some cash in for them then it may stave off a capital raising, but I cannot see them avoiding a consolidation. That is a short term negative but by god its a huge positive long term if they bit the bullet and did it

Flux.