Ann: Extension to Investec Loan Schedule Terms, page-8

This can't come as too much of a surprise given how little was raised through the cap raising and how much money must have been spent on drilling at OC over the last 4 months.

the good news with this announcement is that they have done some great drilling which probably wouldn't have been possible without the CR and the loan payment deferment, and also that the future payments are manageable to do some drilling and the Smarts 3 cutback.

I really hope the tide can start turning now. TRY needs to execute their strategy and do it well. We have been hanging by a thread for too long.

be prepared for another marginal quarterly at best.