Ann: March 2015 Quarterly Reports, page-16

LOL. Where did you get that a CR is imminent? There cash burn is less than their income. They have been cash flow positive for a number of years now They had 2 mill in bank at end of March. hence the need for no cap raises - well at least to support the company admin costs.

O&G exploration at the moment is company suicide. I would support injecting of funds if it was to acquire operating assets.

Hopefully the gas play thats in the works can be proven up sooner rather than later. These guys deserve a lot more credit than the market gives them. Its actually hard to fault these guys outside of the fact they don't do anything overly exciting - its a real life tortoise compared to some of the hares out there I.E FAR,AKK, BCC,GGP the latter 2 having all but shut up shop after talking up 100 well programs etc that eventuated into nothing.

We are a bit guilty by association with our cousins GGP - wasn't a good move (from my perspective) when Mark Freemen joined the board of OGI (formerly GGP) and- now MUS.

Oil at $58 and Gas at $2.96 - considering we were still banking cash when Oil was at $45 id say next report of cash in bank is going to look good.

Noof