Ann: Production and Drilling Report , page-44

From the last quarterly.


Contract Drilling & Operator


The Company has been reviewing various prospect proposals throughout Texas and Louisiana. A prospect called the Galindo well was reviewed but determined to fall outside our investment criteria, given the small size of the propscet
and the commitments the Company has in the Permian and elsewhere.


The working interest partners in the Galindo well asked the Company to contract operate and drill the well for a fee which has been done. The Company has no working interest in this well. The Company will earn a small ongoing fee
as operator of the well.

Given that the Company’s Texas based subsidiary, Kindee Oil and Gas Texas, LLC, is a qualified operator including investment in support systems and vendor requirements, the Company was able to earn revenue to offset our
overheads while during a period of time when it was not active with our primary projects. (So Galindo Bro's thought Kindee Operational experience was better than their's ?, didn't want to take on board the risk as operator ?, anyone have any thought's on why they chose Kindee to drill the well ?? Just an unusual set of circumstances here, in my honest opinion.)

The revenue from this activity is not expected to have a material effect on the Company’s financial performance and has no impacted the Company’s principal focus on the Permian Project.

http://www.ggpl.com.au/documents/130630GGPASXAnnouncement_000.pdf