Ann: OIL Appendix 4D and 31 December 2022 Half-year report, page-2

What do Oilers think of this on page 14 under Going Concern (last line) - Have they announced any capital raisings??

Going concern (continued)

In ensuring going concern, management prepares a rolling 12 months cashflow forecast which is reviewed by the directors periodically. In the latest cash flow forecast considered by the directors, due diligence, as always has been placed surrounding forecasting income and expenses. Like any business in the R&D and commercialisation phase, there are significant costs and financial risks involved. As such, the Company is actively mitigating these risks by taking preventive actions such as: ● committing to receiving the R&D income of estimated $900,000 earlier in the first half of FY24; ● applications to several grants are in progress where if successful, the Company will not only receive non-dilutive funding, but also have access to industry leaders' expertise that will strengthen commercial activites; ● capital raising activities are in progress to support commerical plans for the future