ann out new issue, page-16

Hi Ronstieb,

I have been saying in the past that COE has been affected by short selling and how it can destroy companies.

My thoughts have not changed on this and I do believe that we will now see a nice recovery in the share price on monday and weeks to come, unless the US gives us more troubles.

One thing I do believe that monday will be a very good day for the ASX, the question will be how long is this going to last.

And my mentioning of STU has to do with the luck of finding the black stuff or a whole heap of gas with their recent drilling program.

What did not eventuate with COE could happen with STU and they will be up and running once this happens with very few shares on issue.

As always its the finding of the black stuff that makes or breaks an oil company.

COE has been a good example.

jojo