Junior, It's very important to paint the whole picture when...

Junior, It's very important to paint the whole picture when posting on forums........A lot of people will read your post and panic they have missed something, without the whole story......

The going concern comment in that report was dependant on any one of the events below happening....

1/ Management’s preferred option of selling part of the Company’s interests in its exploration licences
and entering into joint ventures for the potential development of the projects.
2/ Selling of two drilling rigs and other field equipment, which is expected to realise their carrying
amounts as disclosed in the statement of financial position.
3/ Undertaking further capital raisings.

Since that report, there is an air of confidence that point 1 will be realised.
Point 2, may not need to happen if a partner comes on board. But if we get a partner on board with thier own gear, then we can sell the rigs and bank the funds. (Or pay down debt).
Even when they purchsed the rigs, they advised it was better to purchase than lease, as they could sell them to fund further development if they needed to, so they were very up front with this.
Point 3, well we know that won't happen for a while considering the last effort.
When good news starts to flow, including oil, then they may have another crack at fund raising.