geoscience logging revenue v losses

The Logging Revenue from Geoscience Limited GAA (100% owned by UXA) was $2,917,000 for the last 9 months of the year ending 30/6/2010 - this was down on the expected $3,750,000 due to particularly wet weather conditions and flooding in Australia.
There is no estimate for the current year that should start to include revenue from the PFN Tool side of the business.

Total losses were $9,484,000 but reduced to $6,173,000 after including interest, logging revenue and tax benefits - there were minuses on interest paid and finance costs.

The above shows that UXA will need to step-up revenue from the Geoscience and PFN Tool side of the business to achieve the company's aim of covering drilling and exploration costs.