capital raising, page-7

Hey Roznov, this company has made lots of statements about when they expect things to happen and they have been wrong on every count so I doubt if the Lidsey #2Hz will go ahead in November. Push it too far back and you run into Christmas, Ken & co's holidays (previous years suggest the office practically shuts down for a few weeks at Christmas time), and the UK's winter hence my belief that nothing will happen until at least February.

It is also possible that the UK may be pushed back with hope that the North Perth Basin has some measure of success to give that time to be closer to commercialisation. I doubt commercialisation would be a fast prospect as they would need the necessary approvals to convert it into production plus the equipment to extract the oil/gas (and if gas then pipelines to transport it for processing).