32 Cents - Bell Potter Broker Report Summary, page-49

Some strange responses here?

1. Brokerage firms certainly carry there own agendas, BUT they do actually employ experts (Oil & Gas, Base Metals, Pharmaceutical etc.) that have heavy input into the these calculations. They advise stakeholders & invest for stakeholders therefore are NOT going to put their monies into what they believe are a "bad investment"?

2. Companies like Cairn & ConocoPhilips DO NOT waste money on leaving an extremely expensive asset on a hole that they are not interested in? Come on - this is what these guys do for a living (and I might add been extremely successful at) - they are beginning to get a good understanding of this prospect and no doubt believe this will be commercial and some stage down the track. I expect some further good results (upgrades to initial resource) in the coming weeks and further success on SNE1.

3. The only down side I currently see with this stock is the potential for Capital Raising. This will obviously diminish the value of the SP. They will need money for this further exploration - and I am afraid the 28 million in the bank will not cut it. We can expect this once further investigations are completed on the prospect.

I believe, the best we can look at here is a takeover. This for me is the play - and I believe these is already something in the wind,

IMO / DYOR.

Cheers