Ann: March Quarterly Activities Report and Appendix 5B, page-3

CAsh at start of april $2.3M with expected spend this quarter of $1.3M.
It does look like they run a tight ship as you would expect given the large holding management have of shares but it’s a slim margin for error right now with cash reserves if anything unforeseen was to happen, probably unlikly.

There are approx 370m options coming to the market this year, do you know who’s they are, Could be an impediment to SP appreciation if they will go straight into the sell side with little demand by punters in the company so far?

The strategy of restarting/integrating shut down wells into currently established facilities sounds like a good strategy For easy upside. Do you know how much profit per barrel they are making? Need to do more digging.