Ann: Change of Substantial Shareholder Notice from KBC, page-17

awaiting the delivery of the erce report for odin as we speak, i suspect we will see this by weeks end. Same with vali(end of month).As a holder of VEN im not concerned of a raise as i was under the belief from management that we were sourcing other avenues regarding funding for both the vali h thub and nangwarry. I also took some of the underwriting with you guys, i believe we will see some action soon. Its been a painful wait but we are heading in the right direction and have alot of faith in vens management to drive the cooper basin assets as they have a wealth of experience from the many years at beach energy.