Ann: Notice of General Meeting/Proxy Form , page-2

Hi guys. So, more delays!!! But that's ok because I am still confident that we will get a good result. Means we have more time top top up at 0.5cents.

Now for this latest ann. The part that interests me is:

"Under ASX Listing Rule 7.1, a company may only issue a limited number of equity securities in any 12 month period. By issuing 245,750,000 shares the Company utilised its 15% placement capacity.
The Company wishes to restore its 15% placement capacity and accordingly under ASX Listing Rule 7.4, seeks subsequent shareholder approval for that prior share issue."

This to me means that they intend being ready,willing and able to raise more money within the next 12 months. I presume this will be required for one of three reasons:

1. to pay for their share of more development of the Tunisian fields.
2. to pay for their share of more development of FP
3. to pay for another investment somewhere else.

We are going to be in for more dilution BUT it will be necessary if we are to be a part of the Chorbane field development when we all find that SD is a winner. And that will happen when the sp is at a much higher level.