agm, page-12

The AGM was interesting and the future seems pretty bright in my opinion.

A few of the highlights for me were (and I hope i represent what was said correctly):
1. A person asked about how the gas in the Bcga was layered throughout the approximate 1.4km depth of gas. The answer was that they weren't individual layers but continuous gas(bcga). It is like a big gas bottle but with liquids in it as well.

2. The excitement about Ungani and the whole Ungani trend. The statement was something like that Ungani is an oil geologist's dream find.

3. They would not take any offers for farm in that weren't at the correct value for shareholders. The Ungani field is good enough that the income once producing will go a fair way to funding the gas projects so they will not except any low ball offers.

I had to leave a little bit early and didn't hear all the questions and answers but I left very happy.