presumptions and assumptions, page-30

Hi sector lead,

you would have to wonder what the problem is of the lack of JVs and farmins upon our valueable assets that are 100% not once but twice with 2 great wells and then you have proven sales and a producing plant yet theres some sort of problem attracting other partners.

Negotiating hard deals ????? But one thing for certain there have been no takers to be interested in these leases. Really the only only ones interested and took up deals were UNLISTED private companies not listed on the ASX being Caracal, UIL and Perth Resources which has now deregistered itself from the ASIC books.

Unknown companies what can you expect.????

Still the question remains as you say Sector Lead that since AAPEA 2011, there has been no interest in partnering our assets. WHY????

Correction, Origin were interested and pulled out of the North Perth Basins, WHY again?????