Stright out of the horses mouth in a march presentation.
Funding Position
Near term funding requirements
US$10 million related to:
- Maari development costs March 2009 to June 2009 until self funding –US$7 million
- Pre-development expenditure – Block 22/12 and Stanley – US$2.3 million
US$19.25 million BOSI corporate facility repayable 30 June 2009
Funding sources
Proceeds of sale of 25 – 50 % slice of PNG assets – sales process underway
Re-financing of US$19.25 million BOSI corporate facility
New equity, to the extent required
so basically they will hit up shareholders the ammount depending how much they can get for selling some of PNG assets.