Ann: Trading Halt, page-63

This is the reality of owning a small cap company. They always need cash and will always try to raise it, sometimes at an opportune time, and sometimes at a bad time. I have seen many capital raises here since the MEO days. Accounts need to be paid as do directors etc. The rig has been sitting there twice as long as anticipated and we don't even know what the placement funds will be used for yet. I am hoping that the funds will be utilised for production purposes to try and get cash flow asap. If this is the case this is not bad news as we need to get to commercial asap. We all need to settle down here and look at the long term picture as there is a lot going on behind the scenes we don't know about. I still have faith in Andrew Purcell to deliver (i have no other option)!