Ann: Entitlement Offer - Extension of Closing Date, page-3

What an awful time for a CR, oil price in the cellar, oil producers going broke, exploration going backwards or non existent. One would expect a miserably low take up of entitlements, but will that happen?Will KM take up his? Sometimes there is a mention of directors support in the entitlement lodging with the ASX, in this case not so.Will the exposure to North American investors at the Nape conference in Houston encourage some of the shortfall to be taken up?Not forgetting that they are in discussions with potential farmin partners in the Canning, and they can use their discretion to place the shortfall with third parties

If the entitlement issue was strongly supported and a new top 20 was lodged showing KM and other top 20s taking up their entitlement it would be very bullish.