Ann: Quarterly Report and Appendix 5B , page-5

Surely that is merely a wild guess unless you have insider knowledge?

There is no way they can afford to take on a new project at the moment without a HUGE dilution taking place.

They should be focussing on WA - ok - likely to fail but nevertheless: finish it.

Then they should sort out the UK HZ drill to increase production and if that works out as planned (god help us if it doesn't) the SP will rerate back up to ~7c which **might** enable us to raise a little cash for the IMMINENT TZ drilling.

But clearly these guys have their own way of running the company. I am going to be upset if I get diluted for another suck-it-and-see oil project.

Does anyone have ANY confidence that the company will be able to retain existing TZ if any other avenue is pursued except via a huge dilution?