operational report, page-11

To much guessing for my liking LOTM.
Also with a ballpark figure of 30 million plus in sales revenue in the coming 12 months and very little expenditure if we are not drilling any wells this year we
are looking very very good debt wise.

You had better close your short as this stock is about to rise again.....lol

You should stick to the facts which are

1. Net quarterly oil production of 78,491 BO
- Year on Year increase of 60.4%
2. Net quarterly gas production of 400,238 MCF
- Year on Year increase of 87.6%
3. Receipts from product sales of 7,683,000 AUD
- Year on Year increase of 207.3%
4. Southern Star Project Extension
- An additional 1,120 gross, 1,034 net mineral acres
- An additional 25 drilling locations on 40 acre spacing
- Total project now over 5,340 gross, 4,450 net
- 80 low risk, 40 acre development drilling locations
- 125 infill, 20 acre development drilling locations
5. Big Star Project Acquisition
- Total of 18,786 gross, 15,215 net mineral acres in Big Star project area
- Existing 3D coverage over 80% of the leases
- Presence of commercial, conventional field directly offsetting this position
- Demonstrated reservoir potential from wireline logs
6. Northern Star
- Cozart 19 No. 1 commercial success flowing 187 BOPD (246 BOPD max)
- 12,400 acres containing over 300, 40 acre drilling locations
7. Convertible Note Reset
- 7,018,001 notes reset on the same terms and conditions