Ann: Quarterly Activities Report & Appendix 5B, page-6

'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 mereenie section-
'Process Flow Diagrams and Piping and Instrument Diagrams are complete ensuring that all operations are conducted in compliance with the appropriate State, Territory and Federal legislative requirements'

smells like the engine room, due diligence room, data room have been in top gear. Eagerly awaiting future announcements. PID's done and waiting for capitalisation....