Ann: Third Quarter Financial and Operational Results, page-7

oh yeah and when they classified dimmit as for sale they also dont put a DD&A charge thru for that asset so in reality this expense is going to be alot higher when reality of the asset not being sold kicks in - this entire b/s is complete and utter rubbish - made up to be within lending covenants. It just doesnt matter that matures in 2020 - the company actually has to make it 3 yeras longer.

what we will see in full year results will be a reval of the assets based on movement in oil price and prod'n being higher then the curve - this will partially offset the DD&A expense ie asset depletion to a level that again masks the reality.

The guys at Morgans are not going to be fooled by this - you can almost bet with certainty that they right at this moment classifying this loan on the watchlist or worse and that they will be putting pressure on management to shore up the B/S and reduce debt.

MMP prediction company sold within 12 months - we can only hope - current management are not fooling anyone.n Price 10c ps