md email response to shareholders re hoa, page-5

IMO it is a great email.

I received it from Jon late yesterday after enquiring as to whether there would be any presentation from the AGM released to the market. I just couldn't work out how to post it here from a PDF hence the message to Brantley.

Another snippet from Jon's email may be of interest....

"Of course there was the question about the sell by
a director, which was only 3m shares as against a pool of 610,000,000.
I brought the defective timing issue to the attention of the director,
however, he did not break any rules. Unfortunately the slide went on,
in spite of a good deal announced in Kyrgyzstan where doing busins is
tough. Have a read of the attached and you will see why the JV HOA is
a good deal."

This may kick along the SP but I think most will wait until the final JV details are released late in the month.

Good results from CIG's second well may stir up some more interest in their neighbours MHL.

I particularly like Jon's comments that they are conserving capital for new projects......near term production....some....under review at present.

As Brantley has stated there may be some interesting announcements in the coming months.

Good luck to all holders. Particularly those who have weathered the recent storm.