operational report, page-14

Cloak,

Nope I don't pay for Gillard's make-up as I don't live in AUS.

Revenue in 2012, $26M
Cost of Sales $15M
Gross Profit $11M
less Salary's $2M
less cost of finance $1.5M

So around $7.5M in cash even if you ignore depreciation etc and add back another $7M total $14.5M max but more interest to pay in 2013 etc. That includes nothing for drilling new wells etc

That takes a lot more than 2 years to pay of the outstanding $45M loan nevermind the $14M in loan notes.

Hence the likely sale of other assets in a hurry to try and gain some wiggle room.In a real corner

LOTM