Ann: Noosa Mining Investor Conference Presentation, page-14

We won't know until we see the nature of the project. What if the Bradbury AOI assets are being sold to fund the Bruins group development? Or if that could have been an option? Or if we are keeping it but funding that well would leave us short of cash for other development? DP has said often that the oil reserves don't disappear and it's important to get the timing of drilling right, not just because oil prices move but also drilling costs have been high (apparently 30% less now than earlier in the year, back to normal prices).

Now that we know Brookside have a plan it will be interesting to watch any buy back moving forward. Little to none and we'll know the capital position needed to progress is tight. If we start seeing them again we'll know the company has breathing space.

But agree if we end up with $5m+ in the bank through this development that could have been spent on buyback and isn't, that's poor form. Surely the board with the new CFO are on top of that?