Round of Applause, page-20

Have a look at the annual report. There is no net annual profit.... Yet. We were an exploration company til now first and foremost...there was a trickle of oil sales from Emu Apple field but the recent gas sales announcement is the milestone transition from exploration to significant producer company. All the money raised so far was used to fund infrastructure purchases and refurbishment to enable gas processing and commercial sales, securing new tenaments etc. It is only now that with the accumulation of new income can some of the debt start to be repaid, and hopefully not too far from turning actual profit with plans to ramp up the daily production amount over next 12-18months to 20 TJ/day.