Lucky,Thanks for your input,I asume this is the relevant...

Lucky,
Thanks for your input,I asume this is the relevant paragraph you were refering to.

Extracts from previous announcement 2-03-11
Progress on investment and merger/acquisition opportunities
The Board and its advisor, PricewaterhouseCoopers Securities (PwCS), have advanced detailed discussions and negotiations with several parties in Australia and offshore with a view to crystallising options for investments in the Company or merger and/or acquisition opportunities.
?Cougar Energy and PwCS target completing a transaction by the middle of the current calendar year,? Chairman Malcolm McAully said. The Company anticipates providing a further update to the market during March.
International Portfolio

Not withstanding the DERM b/s*t it still leaves a lot of questions to be answered as to where we are headed.
Hopefully we will have something to hold onto before the Qld election next year.
Urgently need to start generating a cash flow.

China ???
Victoria ???

Regards,
GB