Very interesting juncture right here, page-3

Hi Tonny I don't believe the risk profile has changed for the wors, we have always needed cash to finish a 6 well program but what has changed and quite considerably is the size and scope of the project plus the timeline to production.

In fact with the information we are received from our agent 000..7 with regards to SNE and the upper shelf, one could argue our risk if anything has gone down especially the drilling risk and the chances larger resources, which attracts cash, has increased considerably.

Where the risk lies at the moment IMO is in the results of the appraisal but that has always been the case, poor results mean issues, good results and money going forward for at least the three year program shouldn't be an issue and of course asset sales come into the picture then as well.

I doubt we will be raising cash at 8c hopefully the 2C results will help with that..if they raised cash before those results were known would not only supprise but would shock...

Cheers Whisky