Cara I see poor old MEL between a rock and a hard place at...

Cara

I see poor old MEL between a rock and a hard place at present following the lack of success at Cervantes and relinquishment of ATP2020 as disclosed in the quarterly.

We are currently the owners of a few dollars in the bank and a 25% non-operated interest in our Cooper Basin assets, with what I expect will be minimal free cash flow back to us in the short term (12-18 mths?) as we fund development at Odin and plough funds back into further exploration on the ground held by the JV over the next year or 2.

Aside from us being taken over by VEN at some relatively early point in the life of the JV I don't know what we can expect going forward unless the Board are happy a play a sit and wait game.