Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2

So apparently the CEI initiative has been pushed (again) to 30 June '25.

SPQ were still looking for drilling contractors in Feb... it's now the start of May and they still haven't engaged in any drilling company.

Keeping in mind this is what's due to be eligible for the grant;
Final report, contractor reports, certificate reports and QA/QC lab reports, data in the prescribed format and/or templates and copies of paid tax invoices including costing report.

Plus obviously the main component being the actual drilling.

Also note they've now added "Subject to weather conditions and any funding constraints"... Odd that they're prefacing a grant (free money) with constraints of funding. Is this the writing on the wall that they will be missing the CEI grant opportunity?

I've said for a while that Peter's gotten them in such a mess that they won't have the funds to drill the two holes and get the necessary reports for the grant. They need to stop beating around the bush and say they won't be proceeding with the grant, and all monies will be focused on SE.

Love the bit where he states the company plans to drill the CEI holes within the next two months... errr yeah when else do you plan to drill them? The whole thing is due for submission in 2 months time to the day.... FML this company is run by such utterly useless, unqualified people.