Ann: Sacgasco Receives A$5.1m from PNOC EC Farmin, page-49

The 5.1m sits with Nido it is pretty clear in the sale

That is okay as SGC could never come up with 5.1m itself to fund its part of the drill campaign and probably Nido ((SGC) would need even more than 5 million if you are drilling 2 well program and to also bring the project to production properly with it's share.

As mcbr mentions its probably a good deal for them to have sold as they do not need to raise any cash for the drill campaign and can sit on the cash payments received for the milestones and royalties. PNOC farmout and blue sky transaction was probably contingent on NIDO having enough cash to commence the drill program SGC could never have just taken this cash and ran leaving nido as an empty shell.