key entitlement offer & uk acquisition?, page-20

IMO if 'the market was speaking' the SP would of fallen well below 11c. I think a lot of the banter here is premature... still a couple of weeks to go for this to play out.

Definitely a lot to happen before this is played out in the short term. The entitlement offer period doesn't expire until 5/8/09.

We are still awaiting the completion of due dilligence and governmental approvals for the UK purchase, which is due by 10/8/09 based on the originally announced timeframe.

Then there is the processing of the seismic, due for completion around mid August according to Aminex.