old news for some, page-3

Yeh like the part we we only get paid a max of $10 mill for what has been identified as potentially 2TCF of gas, after ERM gets a cheap look. We actually have gas flowing here though unlike the other tenement we have left post ERM taking our gas producing asset for $10M once they find it has 5TCF instead.

So... as noted at the time vossie, the deal put a medium to long term cap of about 0.7c on our SP which it went to straight away before the market decided that the deal was s**t enough to see our SP trundle down to the 0.3c/0.4c mark we are at.

Not encouraging results from a management that looks to have a track record of non-encouraging results.