Ann: Sale of Surat Gas Pty Ltd - Further Extension Granted, page-8

The value of my investment has halved.

Planned mine and and infrastructure developments to realise 1.3 billion tonne inferred thermal coal resource has not eventuated.

Evaluation and assessment of Queensland ATP's not reported and on ground exploration has not commenced.

Surat Gas sale ongoing for nearly 4 months with no guarantee it will proceed. There have been no details provided on the "Purchaser".

Meanwhile Administration and corporate costs have increased 100k from December 17 - March 18 quarter to 464k with increased exploration costs and little detail on activities.

They seem to be riding on the coattails of their JV partner Utilitas.

Then there is this -



and this -



Forgive me for being cynical but there is no evidence that the company is working to increase shareholder value. I hope to be proven wrong.