Ann: Quarterly Report and Appendix 5B, page-7

"The company is funded for the WE-4 and WE-5 wells as per the joint venture agreed budget"

Would have been good to see estimates to complete each of the above well plus WE3 rectification costs

Does this mean they are 5-10 million short to complete WE3 after the issues encountered ?

"At year end, Warrego’s institutional shareholding had increased to 11.5%. The stakes of the
Company’s founders, Duncan MacNiven and Dennis Donald, have been diluted from 39.8%
to 30.3%, substantially improving liquidity"

I have a suspicion it is some of this 11.5 percent that bought shares in the Capital Raises that are selling down at the moment to lock in their 10 percent profit. Weird how they try and put a positive spin that issuing a crap load of discounted is a good thing to improve liquidity.