Ok, so by my VERY rough analysis, the company is now in the...

Ok, so by my VERY rough analysis, the company is now in the following position:

1. TSV paid 20% of costs for a 15% share in Xanadu - (estimates had the cost to drill at ~$6mill = ~$1.2mill outlayed by TSV. This one could amount to massive profit OR to absolutely nothing.

2. We have just outlayed $5mill for 20% share of PLX. This looks to have a minimum earning of $2mill/yr and a projected earning of $11mill/yr by 2019!

3. Then there is WARRO which has been drilled and fracked. Results did not go our way, but ALCOA has committed to funding ongoing analysis and possible drilling of more wells to fully explore and analyse the site to determine if there is a way to commercially extract the gas in place.

So looking forward, point 2 ensures revenue for the company that will hopefully pay the salaries and possibly add profits. Point 3 looks to be dead or dieing as it seems there is no way to get the gas out of the ground at commercially viable rates. Point 1 could be anything! We await the drill and hope that this field is similar to the recently successful WAITSIA field.

Fingers crossed all goes to plan and the company forges ahead into 2017 and we all get rich in the meantime....

GLTA DYOR