Ann: Monthly Appendix 5B , page-4

That is very much a possibility.

I don't see a scenario where the company says 'no, we don't want to sell it, its too valuable, we would prefer that you didn't liquidate due to imminent gas flows', so your theory holds some merit.

Just too may promises IMO and if it looks like it
and it smells like it, it usually is it.

If i was a shareholder, i would be livid at a time like this, where the AGM is normally set around the final week in October, at a time when that $3.4 mill needs to be released yesterday.
I would be rallying for an EGM instead of sitting in cuffs, like it might feel to many. That would be my personal advice, tell them what to do instead of being at their mercy to just meadner along until someone saves them.
They need $20 mill now for drilling expedience - in the slow season, while tarrifs are low due to the US economy and while they are in desperate need of proactivity for the sake of looking attractive to anyone who might be looking to come on board (farm-ins etc).
Or else - what would it be exactly, that they are offering, to an outside party in the way of activity?
Nothing at this time - they are only offering a deep stagnant hole that someone can fill if they have a good heart and a big wallet.
My elbow is killing with all this head scratching.
Maybe next week the company will be touched by the hand of God? One can only pray.

L