Opie,Unfortunately I do not think that the repayment was that...

Opie,

Unfortunately I do not think that the repayment was that high.

$2.96 million came in from Monarch and, as I read the report, I believe that $3.3 million, by way of loan repayment, went to Noble.

The loan facilities dropped from $A60.073 million as at 30/9 to $A55.345 million as at 31.12. Part of the drop in the loan owing would arise from the increase in the $A over the quarter as part of the Noble debt is written in $US.

An important date is 31.1 when we (may) found out what is happening with the Monarch recapitalisation.