40 mcf, page-28

Right now I think BUY is about 2c undervalued. Unfortunately, enough holders took a good profit on the 3.5c ssp and there would be many long term holders that were finally back in the green and have taken the opportunity to sell out. This I believe is the main reason the sp could not get much traction from KN1 good news. There is also the issue of cash. Got to raise some sometime soon. Hope it is not a painful exercise. I'm hoping they might get access to a loan based on KN1 flows.

I'm not sure if we will get too much from Wisteria run up. Its already a given for late July. But hopefully there is some excitment for our 10% and if it hits, then hold on.

The offshore Sydney drill, which is looking more positive, will definitely ignite the sp. its all a guess but a 10c rise just on the spud is quite possible. For this alone its worth hanging on to BUY.

Note the turnover during last week has been quite modest only ~35m. Most holders are doing just that. Holding.