Ann: Placement raises $560,000, page-6

If OBL win the SAT and pick up 50% of derby block for free the directors might have earned their salaries.

The SPP gives all shareholders a chance to average down. Obviously the sophisticated investors who took part are confident regarding the SAT result and farm out down the track.

Some people want to see OBL fail. This raising gives a strong indication OBL will succeed.

Even with a billion shares on issue, a market cap of 50 million will see the share price go to 5c.

You may find Backreef Oil might have to pay for OBL's legal costs. Looking forward to 18/9.