new ann out, page-15

Hi ACE

The Chemical flood IMO is definitely a goer technically so wouldn't go that far.

What will be interesting now is at what cost to shareholders when we may have to firesale this potential goldmine off to the detriment of future shareholder value. That is the concern now.

If Montana land gets a partner well that great, if we can get a good result from Surtek and put a good plan in place for recovery and debt fund it without dilution or major sell off to JV, I see that as a way forward to protect the shareholder's interest.

In our favour is Obama's call for the US to rely on Homegrown energy supplies rather than rely on their "enemies" for oil. The lord has spoken and I believe financial institutions will be under the hammer to view good projects like I'm sure Grieve will be favourably.

Fellas I'm trying to see a +ve light!!! I've never been to Yarrawonga!!lol