Ann: Notice of General Meeting/Proxy Form , page-12

"Formation of a strategic relationship with an overseas investor"

Just hypothesising ....

IMO, given it is allowable to add up to 15% "extra" shares, that this will be the form of the investment.

We currently have 125 million shares ..

So add another 15% or 19 million at say 6c and we get a cash injection of $1.14 million. That would be a useful amount given that drilling costs are low.

It's a pity that the in-house squabbling has driven the price down, else we might have been raising at 9c for an extra half a million!