marksman back in, page-10

Original plan was for 30,000 per day of oil, what they got was more water than oil.

Currently only Puffin 7 is producing oil, Puffin 8 a dud and it appears to me that the oil production rate is declining from around 10,000 to just over 9,000. SE extension currently a dud unless they can re-drill into new sands but the can't re-drill as they have no free cash flow.

As to making profits, well no as the cost of the whole operation plus re-payments of debt is greater than free cash flow being generated.

Director will have to do something soon otherwise will be trading in an insolvent position and then the Director will be liable for any new debt increase.

I be surprised if they are sleeping well at night and it not just the heat in Perth.