Ann: Charlie-1 Confirms Large Condensate Discovery, page-127

I appreciate your gas posts. Feel like I am back into gas stocks again. Personally understand gas better than oil.

I can’t understand why they are not urgently flying the gas monitoring and testing equipment in as we speak while rig is there. This is unacceptable to me.

I just want to see this board stand up and deliver some aggressive action. Not spin a wish list and never follow thru. Not P/A and go back next year. Tired of talk. Action is required and now.

One drill attempt a year doesn’t cut it from my perspective. They did exactly this with IW2 and blown another 20 mil the following year.

Still can’t get my head around that they weren’t prepared for gas. Yes I do have questions about the skill set and competence among a huge list of concerns. Slamming them at this stage serves no purpose. Constructive criticism is warranted regarding this well. Why wasn’t the drill optimal. Why was it on the piss as to speak. What were the issues which obviously effected the overall drill in my opinion. Immediate pay cuts etc etc.

My immediate focus is getting the gas reserves and I expect by end of April. I am kidding myself aren’t I. Milk holders for another year. Probably pay themselves another bonus. This is our only chance to restore any sort of respect for 88 in my opinion. Well at least the SP.

I know EGO cost 20 mil to build a small plant. From memory supplied 10-15TJ of gas a day. Alcoa burns 130 TJ of gas a day. God I hope we have a significant reserve if not we are all stuffed.