Ann: Independent Assessment of Contingent Resources Egilabria 2, page-11

I read that the Hedge fund closed down last May, to be wound down and assets sold by end of next month.... shame, not sure what this means for their holding or for AJQ.

I wonder what we shareholders would be saying if some events had taken a different turn for Armour ... eg : for instance, I thought it was good advance planning to invest in Lakes Oil for a bit of initial revenue...... then came the fracking ban (not their fault).

I'm still a cautious believer in Aussie O & G start-ups, but I have already had to learn massive patience, and realise these plays are going to be very, very long term.


GLTH