Take off, page-75

Just over 3 weeks to go until the end of the Sept quarter.


SepQ’16 – Raising of $2.5 to $3.2m; introduction of supportive shareholders. A possible farm-out of part of the well reduces funding burden and places a value on the prospect.

SepQ’16 – Engage with contracting companies to finalise drill plans for Dempsey. The prospect has a short path to any remaining approvals and its status is “drill ready” and there is ample equipment and personnel available to undertake cost-effective drilling.