Ann: Response to ASX Accounts Query, page-8

Basically, if sas get their $15.8m then they will be a going concern. And if they can negotiate the $118m penalty away from GOM along with the $45m (or so) from VO then they actually will have solid books according to kpmg (I’m presuming).

so it all comes down to this $15.8m. This is nuts. Hanging on by the barest of threads but they may get through this. The next month will be interesting.