BMN 2.89% $3.20 bannerman energy ltd

OK Class the answer is on page 69 of 78 in the company's Annual...

  1. 270 Posts.
    OK Class the answer is on page 69 of 78 in the company's Annual financial report to June 2008

    NOTES TO THE FINANCIAL STATEMENTS
    FOR THE YEAR ENDED
    30 JUNE 2008

    21. COMMITMENTS
    In order to maintain current rights of tenure to mining tenements, the Company has the following
    exploration expenditure requirements up until expiry of leases. These obligations, which are subject to
    renegotiation upon expiry of the leases, are not provided for in the financial statements and are payable:
    2008 2007
    $ $
    Not longer than one year 6,435,000 1,100,000
    Longer than one year, but not longer than five years - 2,750,000
    Longer than five years - -
    6,435,000 3,850,000
 
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