Ann: Bullseye Prospect Sale of 8% Working Interes, page-15

re: Ann: Bullseye Prospect Sale of 8% Working... This raising seems odd to me too.GGP has raised ,I am told, over A$65m since listing and a substancial part of this is for this project.Strange to sell down so close to delivery.Even stranger as one on the partners,MDA, has a market cap of about A$8m for an,effective, 9% and MDA has little other assets. An investment of US$1.5m seems scandalous to me.But GGP always seem to need money.Clearly the management are incompetent or liars.Shareholders have never be advised of the capital requirements for this project.Why would anyone take up a rights issue/placement if you knew that this was a fraction of capital requirements? By the time these guys have discovered oil,GGP shareholders will own bugger all of the deal.