drilling started 16 october 2012, page-22

HI PETE,

In short I was advised that extensive drilling would commence in JULY 2012 and IMO did not and are six months behind. They were very keen to see the SP not to fall and were aware of the consquences of not sticking to schedules as stated. Gave the MD the benefit of the doubt first time but he repeated his failure 2 months later when he basially gave me a similar excuse. He was confident that results of drilling that was to be well and truely completed by XMAS would see a improved SP.

In fairness we were all shocked by the results of the first drill hole near Degrussa but not to continue with exploring the value of Bryah Basin until just recently was not in keeping with the discussion and answeres I got

Subsequently we have a SP we did not want and very little market confidence. We have a long haul a head of us to get above .15.
Cheers,
Bluebottle