Commencement of Drilling ProgramThe company initially proposed...

Commencement of Drilling Program

The company initially proposed to raise $5m but accepted $6m – returning another $1.5m to potential investors.
“Today is significant for us and our stakeholders,” said Mr Paterson.
“Some commentators questioned if we could deliver on our promise to be drilling by the end of the financial year. Our
determination and capability to secure a rig and start ‘doing the business’ in just a matter of weeks signals how we intend to
go forward.”