Don't know what Stuart expects for timor permits they were...

Don't know what Stuart expects for timor permits they were supposed to spend $60 million for their 50% earn in in
ac/p33. So they've not earnt in yet, ie own nothing! For permit 35 they only got an option to earn in in late july 2009, what's that worth? diddly?

One would think as a maximum they'll get what they've spent back if alders group agrees to new earn in partner. From annual report they spent 3.4 million last year on timor sea of which $2.6 Mill was capitalised and 9.4 mill of previously capitalised expenditure written off.

Stage 1 of Diesel project is meant to cost $60 Million also, where did they think they'd get enough for both from even thought over a few years? They had 0.3 Mill at 30 June 2009 !