Honestly, some of the comments here beggar belief. So a few...

Honestly, some of the comments here beggar belief.

So a few objective comments which might help some folks understand this piece of the jigsaw:

1. BNP announced last year they would no longer provide PF (project finance) to the energy sector. Guess who does

2. Who has an office in Houston and NY (today's conference location) stuffed full of investment bankers? Refer above

3. Who also has institutional investors and institutional clients? Refer above

3. Why do you think MM our CFO is presenting? Refer above

4. Why release on the same day as the preso? Refer above

And to correct a few false statements:

Cash burn is not $30M a quarter but has averaged $5.6M a quarter over the past 5 quarters (5.3, 6.0, 4.5, 7.1, 5.1 as per Dec17-Dec16 Quarterly Reports)

JB'O recently joined as CDO (replacing Gelotti) and has been presenting at recent conferences/ deeply involved in negotiations.

So what?

Go checkout his bio (Hint: worked for Nexen in Canada, acquired by CNOOC (of eh hum ... China) some years ago). Anyone notice one of our own staff in that picture is Chinese and Polish? But I digress ...

Why BAML? (that's Bank of America Merrill Lynch, who merged some years ago)

Because they provide a multitude of investment banking services including DCM/ ECM (equity/ debt capital markets), PF, Equity Listings etc ... You may recall we are planning a future US listing (post FID/FC)

Why wouldn't you take every opportunity to broadcast the company's business model especially to potential to institutional investors and have your experienced CFO take centre stage. Companies appoint IBs for these very reasons.

Tedious and repetitive this may be for some.

And then there are the latest - of many - pronouncements in recent days by super majors Chevron & Shell on mid 2020 supply imbalance. Hello!

As to the material presented, you must be blind (or simply too jaundiced) to miss several slides which display rather different information than previously put into the public domain. For example:

Slide 9 -  target producers
Slide 10 - OSMR schematic/ advantages
Slide 12 - EPC price per tonne

Cheers