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Why is this info not an RNS? (SRO)

Spitfire Oil Share Forum

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Creator talk2dubya Created 11 Jun 2009 Posts 2 Last Post 4 years ago
Some of you may be interested in looking at the following information regarding SRO because we own 38% of the company and not only that in the main the Board of Directors are the same. If SRO increases in value as will the SRO asset held value increases for GFM.

In essence the CEO of SRO Thyl Kint has been very busy not only travelling around the world but presenting to the Australian Senate Select Committee on Fuel and Energy, it appears that they are rather keen to go with this.

Not only the above, but he has also been presenting to WA Southwest Offshore LGN Gateway in Perth on May 7th 2009

Over this period that he has been very busy it makes interesting reading when you look at the information regarding production costs, as it looks like they will be lower than originally stated.

I see the following three way JV as the Australian Senate are very interested as they are not too happy with nuclear and this is a home grown product. WA Southwest Offshore will be able to provide the vehicle and know-how to get the product to market. The BoD is very experienced with dealing with governments at the JV level as well As having experience with oil and gas from working with previous companies.

A comment has also been muted that they can use this technology in Eastern Europe as well?

Below I have provided the links to the transcripts of the meetings. I am not saying fill your boots, thats your decision, I already have a large holding but this does have an effect on GFM which I also have a large holding and what is important is that the two companies are so intertwined.

Read and make up you own minds.


Over view of spitfire
http://www.hurricanefuels.com.au/images/docs/21020854935.pdf

Wednesday 18 February 2009
Australian Senate presentations
Reference: issues relating to the fuel and energy industry
http://www.aph.gov.au/hansard/senate/commttee/s11700.pdf Ref: Pages 31+ CEO also mentions this can be done in Eastern Europe. Also note reference to the second reactor part.

May 2009: The permission
http://www.aph.gov.au/senate/committee/fuelenergy_ctte/interim_report/report.pdf Recommendation pages 199 onwards the conclusion is basically saying giving spitfire permission for their projects at salmon gums

May 7th 2009 Perth Presentation to WA Southwest Offshore LGN Gateway
www.energy.wa.gov.au/cproot/1553/14478/spitfire%20oil.pdf

16 May 2008
Appeal decision: Ruling in favour of SRO
http://portal.environment.wa.gov.au/pls/portal/docs/page/oac/admin_content/decision_summaries/2008/00208%2000308%20minister%20appeal%20determination.pdf



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