1. Ron did very well to secure funds for the O/sea project recently. So for now, basically no huge financial outlay for ongoing development and Ron basically incharge of the whole show. 2. IMO, they SXA have/had enough funds to do their bit towards the Venus project ... I think with "Wellpro" the drilling Co which is closely aligned with Ron will pull out all stops to get this moving and off the ground ASAP resulting imo with very favourable resource figures / commercial levels of gas which will bring in new commercialisation / capital revenue streams. For those not aware, Ron recently put a lot of his own cash solely towards our projects , so he does have a lot of skin in this Co which shows me that imo he is truely committed to make this work and tasks at hand. 3. Finally, There could be a significant cash cow waiting in the wings if the RLE R&D Tax issue is resolved in our favour. I think that the arbritation of the issue will take place rather than later on down the track.
RLE Price at posting:
2.1¢ Sentiment: None Disclosure: Not Held
