Ann: OEL: Winx-1 Drilling Update, page-282

Ex,

I understand the challenge to the Bond Scheme is still before the court.

From the Annual Report,

"On 9th January 2019 the Alaskan Department of Revenue announced a further cash purchase of Tax Credit Certificates in the amount of US$1.575 million. The payment was applied directly against the Brevet debt facility with the remaining outstanding balance totalling US$15 million;"

Also,

"The ACES rebate is to be presented separately and deducted from exploration and evaluation assets. As at 31 December 2018, the approved rebate is US$18,358,461 as noted in Other Non‐current Assets and the contingent rebate applied for and as yet unapproved is US$2,375,765 (2017: US$2,375,765) and has been lodged with the Alaska Department of Revenue. The Group believes this amount will be recoverable from the Alaskan Government as a tax rebate in full and will be recognised as a receivable once approval has been received."

Cheers and Saturday beers