My guess is that the rig overhauls etc. have been a little more...

My guess is that the rig overhauls etc. have been a little more expensive than planned.A quick persual of last Qtrly cash flow statement reveals that at 30/6/2012..cash available at around 3mil..with projected expend. of around 1.5mil during Sept Qtr..Now.. would not take much in cost over-runs for site and rig works to gobble a fair percentage of this amount up..

But the "sleeper" is still the so called farm out negotiations??often referred to in dispatches but never concluded.......
Could this be the "elephant"in the room regarding a back door way of capital raising, at the eleventh hour, without further dilution...???