Ann: Banambu Deep Prospect, WA-389-P, Carnarvon B, page-3

re: Ann: Banambu Deep Prospect, WA-389-P, Car... Ron,

Good to see your interest in this drill.

As I am sure you've researched this as thoroughly as usual, I'd be very interested if you have any views on the extension south of the permit. One of CUEs slides in the March presentation shows a rather slender extension, another shows a more substantial extension. I do not even know the ownership to the south, wasn't it originally part of WA 360 P?

Anyway we have a pretty valuable freebie here, this well must be expensive being 60 days and to 4800m. WPL must be pretty optimistic given that it's not so huge.

EL