will cap raising be necessary, page-4

SUR had a capital raising late last year -

RE: THAILAND FUND RAISING - NEW PROJECT UPDATE
Sun Resources NL (“Sun Resources”) is pleased to announce that it has resolved to place
up to 25,882,262 ordinary shares in Sun Resources at an issue price of $0.095 per share
to raise A$2,458,814.80 (“the Placement”), to clients of Hartleys Limited.
The Placement will be made pursuant to ASX Listing Rule 7.1 which relates to Sun
Resources 15% placement capacity.
Carnarvon Petroleum NL (“Carnarvon”) and Sun Resources are the sole bidders for the
L20/50 tender block onshore Thailand. Operator, Carnarvon, has advised Sun Resources
that the joint venture will be required to have in place a US$4.25 (A$4.83) million bond at
the time of the formal signing of acceptance of the bid contract for exploration of L20/50.
This bond reflects the bid first 3 year work program and will be released as the work
commitments are fulfilled. The Placement enables Sun Resources to immediately submit
its half share of the bond in respect of the Thailand on-shore block if and when grant is
received, so that field work can commence in the New Year.

The bond money "will be released as work commitments are fulfilled", so in effect the capital raising for Thailand L20/50 has already taken place, assuming good early success is achieved.

Also seen the price of Nymex Natural gas, over US$11.00, so good monthly income should continue.

I dont think they would be in a hurry to raise more unless we witness a string of horrible misfortune.