Take off, page-72

so we then expect a cap raising this month, they then are thinking of a farm out on the well also this month... is this the one?? will they achieve it?? is it possible??

sounds like they are telling a few tales...

• SGC – 55.0% working interest (WI).
• PEOCO – 35.0% WI, Unlisted partner are currently obtaining funding to undertake drilling.
• Xstate Resources – 10.0% WI ASX code: XST; raised $3m in June 2016.
– Are fully funded for drilling and may want additional exposure.



they seem to think PEOCO is unable to get funding... and suggest to their investors very wrongly that XST may want additional exposure

plenty of spin, plenty of my research on CRC in there... and it seems they pin their hopes on xstate taking up the PEOCO shortfall.. which is pure rubbish and pretty unprofessional,,, so we end up with a 2 partners ready to drill and a type of farm out in waiting... the other partner in the extended acreages Bombora Natural Energy Pty Ltd is perhaps not liquid to become an immediate farm in..