Ann: Quarterly Activities Report, page-4

Near 1.9 million on admin ?? wtf!!!
We certainly are not getting value for our money.
A3 pushed out to next year sometime, more likely 2017
What happened to q4 2015 ???
And more of the same old lines "timing dependent upon equipment availability and the regulatory approvals process."
I read that as, nothing has been booked or planned, we have no idea when work will commence.
The Xanadu Prospect suffers the same as A3
" The timing of drilling Xanadu-1 is dependent upon a range of factors including government approvals process, rig availability and securing a suitable farm-out partner."
No farm out partner
No rigs booked
Government approvals??? thought that would have been taken care of by now.