strategic direction , page-6

At this point I'm curious what happened to our Italian on-shore Borsano permit, no mention of it in this announcement.

Has this been overlooked, relinquished or just no buyers lining up for it as yet?

Also, like Roznov points out, why do we need an immediate injection of capital to meet our 2012 work commitments?

According to the quarterly we are free carried for Cyrene #1, are looking to farmout the drill of Waugh #1, the same for drilling of EP448, have $1.4m at the end of June 2012 with commitments of just $350k for the September quarter.

Too many unanswered questions, I've voted no to all resolutions, when they come clean on exactly WHY they need to do yet another capital raising then I will consider voting yes.