CNE Preliminary Results Announcement, page-10

"Assuming A$15m SNE capex and A$5m corporate costs to 31 December 2018 that leaves A$20m+ in the bank in 9 months time."

FAR had a guidance of A$19M JV expense related to achieving FID , judging by this quarters expected spend quite a lot of that has already been advanced to the JV , IMO A$25M+ is more likely...the Petronas money won't be paid untill Govt approval so it would need to happen this month to be included in this quarter...the expected spend for the next quarter should provide a clearer picture going forward as it would almost entirely be JV expenditure plus Admin..

Judging by CNE's cash position they won't want to be doing anymore exploration or appraisal drilling untill first oil and I expect the evaluation plan for FAN's and SNE North will reflect that....also CN's quote in the AFR suggesting FAR will be doing no more drilling this year apart from A2 is based on that expectation...

Of course beyond FID FAR does face a cash requirement or a reduction in WI and that will become clearer nearer that event date , other events could effect that outcome.

1: PE outcome should it be resolved by then.

2: A2 result..the possibilities are considerable on a commercial result.

3: The shareprice which could be effected by either or both of those events and have a large influence on the Shareprice any cash was raised at...lots of unknowns but we are well cashed up in the meantime...

Cheers Whisky