Ann: Appendix 3C - Announcement of Share Buy-back, page-18

re: Ann: Appendix 3C - Announcement of Share ... I'm sure they did!!

Also after reading over their announcements again in the context of today's announcement, I suspect the potential buyer was one of their neighbours who is getting good results. AZZ continued to drill to test their lease and given the quality of their results feel they can do much better by developing it themselves.

One would suspect that the Pettaway and Cozart-11 wells should each contribute another 100BOEPD each and 2014 will move to a horizontal program with production commencing in July.