capital raising, page-23

Well looks like the cornerstone investor did the trick with the SP apparently stabilising but at what price? Substantial inducements to Sprotts and massive dilution for holders! This has been very badly handled by AED and it all goes back to their decision to delay production testing Brunei wells IMO. Delay for explorers in this environment is life threatening.

Lets hope that they do something right and that this is rock bottom for the SP. They need to secure a good farmout deal for Rombebai with a respected Oiler in the next few weeks, preferably before end September.

ANZ