Ann: Quarterly Activities and Cashflow Report, page-6

You are joking right:

They have a finance deal but not yet signed.

- They have $4M cash (punters here expected this to be closer to $10M). Big miss here hard to bypass how little cash they have and are producing at the moment.

- Finance terms yet to be disclosed - cost, hedging requirements CPs to draws, repayment terms - lets discuss the deal when the terms are known if they requiring lots of hedging and a 8 month repayment term this would eat up all - 100% of current cashflow.

- Happy to talk about G1 production current actual - not happy to talk about current flow from G2/3/5 of E1/E2 - quarterly averages strike again - results from G2/3/5 must be bad to focus attention on G1.

These guys have continued form with providing minute detail on wells which they have something positive to say see G1 vs all other wells they are simply producing oil and gas.

The directors have put all on black hoping/preying they find hydrocarbons which pay for said drilling campaign.