No good news story, page-31

Swannie,

Well here we are 12 years down the track and nothing under the Christmas tree.
I bet that down Mt Martha way the presents are flowing and all is good.

There is not even a plan B to get excited about however there is a lot of paper on the board table and " balls in the air " so we can only speculate.

I read that the board took an axe and cut a lot of dead wood away from the payroll bill ,however the cash burn still continues at an alarming rate.

I hear that the carpet into the data room has to be replaced because of all the traffic going in there to check out Brazil so by the shear weight of numbers we should get a partner soon .

I hope they have deep pockets to stump up money for the drill costs to prove if we have a commercial field , although the market is telling us something different.

The good news is I am not bleeding any more as I have seen the light at last.

Merry Christmas and Happy drilling next year ?

Cheers,
J L.