The net loss of the Group for thefinancial year, after provision...

The net loss of the Group for the
financial year, after provision for income
tax, was $28,184,784 (2008: loss after
tax of $1,870,636).
From Annual Report:

The successful drilling and
commercialisation of any commercial oil
and gas discoveries in NT/P68 and the
North West Shelf Permits WA-359-P,
WA-360-P and WA-361-P and/or
the development of the Company’s
methanol and LNG Projects could
ultimately lead to the establishment of a
profitable business. While the Company
is in the exploration/appraisal stage of
drilling for hydrocarbons in NT/P68 and
the North West Shelf Permits and in the
project development phase, funding will
be provided by equity capital raised from
the issue of new shares and/or farm out
or joint development arrangements with
other companies.

Review of Financial Condition

At balance date the Company
held cash and cash equivalents of
$17,200,481. During the year the
Company decreased the cash balance
by $10,314,276 (before foreign
exchange fluctuations) following net
capital raisings of $11,118,668 and
interest received of $985,338 which
were used to meet exploration and
capital cash outflows of $18,562,010
and net corporate costs of $3,856,272