ann: matuku-1 weekly progress report no. 6, page-26

Firstly, there isn't any 'oppies'. They are contributing shares. Secondly, OXX is very adept at making money out of drill programs, look at the Matuku financials, we received $12.5m less our costs for seismic etc. OXX have returned capital (via FF divs) and in specie dist of CUE shares so they actually haven't been too bad. We still have some great assets and I'm sure GA is getting annoyed at the situation also so am watching for deals to be announced. OXX will come good yet.