Ann: Operations Update - Interim Results from Drilling, page-43

Guys IW2 won't happen unless FO happen's, which is unlikely imo but if 88 offers 80%+ then possible, basically give most of oil away so we can fund drilling conventionals. Not good if this happen's.

We only have enough cash to do Yukon simple as that, then cap raises etc cycle continues. But at much lower market cap and SP. This stock could possibly join all the other penny dreadful's 0.005c territory etc.

That's why I was so against spending so much money on IW2 and should have secured conventionals first. I think that decision could potentially drive this company into the abyss without a FO. Sad isn't it. Just spewing I couldn't have got out before LSE, LOL....