Ann: Trading Halt, page-75

Halliburton caused the need for a CR, otherwise the sp would be much higher and we'd probably have a JV or takeover offer already. But because the flow testing wasn't completed, and the previous quarter only showed 1.1 qtrs of funding left, the CR was necessary. Getting Condor and the CTU in cost money.

I think the Mongolian cost way too much, we raised $26m back in April 2021 and blew it on useless contractors drilling holes all over the place rather than focussing on getting the pilot done at Nomgon to prove up commerciality, then move on to discovering other sub basins. Anyway, I cant change what happened, I'm not forced to hold, have indeed accumulated on the ride down in sp, and am now looking for an imminent exit point. I like many am disappointed with the delay and the holder dilution but that's the way it is. I doubt we'll ever reach QGC type value.