From the AFR, page-6

ravishankaray,

And your solution to obtain the cash to pay the 10 million we owed Santos would be a dilution of your shareholding by a capital raising? That was what RC promised he would not do. 5.2PJ over three years i.e. 1.7PJ p.a., is a mere drop in the ocean compared to the 22PJ+ p.a. over the future decades and whatever growth in gas and/or oil sales in future years.

RC did not give the 5.2PJ away. RC sold it in advance in order to pay a substantial debt we owed so we can progress into the future without dilution.

Cheers

Stoops