Ann: Quarterly Activities Report, page-20

You wonder if they feel any guilt for such wealth destruction
The cash flow report is so telling . Explaration costs of 599k and that excludes October costs - so much for 400k USD per well .
375k to costs to raise just over 2.078 m. Almost 20% of the shares issued go to costs to raise funds. Then another 700k for staff and corporate costs so within 3 months half the funds raised is blown - amazing if one actually considers this and what issuing shares does to the underlying value of each share and the value of existing shareholdings