"The Due Diligence Room established in response to the proposed scheme of arrangement by a Macquarie subsidiary (which the Board has rejected) has been visited by a number of interested parties. The Board is cognisant of the fact that to optimise the Company’s position of supplying gas into the east coast market it will need to be appropriately capitalised, possibly through having a strategic partner on the register.
In summary, it has been a satisfying quarter from which the Company has emerged in a stronger financial position, with improved market prospects and its future as a substantial gas producer coming closer and closer to fruition.."
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