Cheers Rabbi, agree that only time will tell. Most analysts forecast Ungani cashflows to support the current share price and there is obviously risked bluesky as you say.

Gas would be nice and that was the catalyst of the share price run from 40 cps to $3 + earlier in the decade (makes me sound old!) but I'm quite happy concentrating on the good oil. A number of derisked prospects to be drilled in 3rd quarter (subject to farmin) but I think we will be drilling at least another in Ungani ourselves and tying in other discoveries (Ungani FW and Ungani North).

Alcoa loan is $7.5m accruing interest but given operating cashflow should be c. $50m for the next 3 years, I think it's quite minimal. Who knows, Alcoa may do another deal as a financial partner if the fracking ban is lifted to utilise Yulleroo gas...