Ann: Non Renounceable Rights Offer Booklet, page-7

Absolutely. I think most shareholders in any company are realistic enough to know results won’t be positive all the time. However, all share holders have the right to know any price sensitive information and every company has a legal obligation to release any price sensitive information immediately.

All we want is to be kept informed. If there is a reason they cannot release the results, a simple update saying ‘Due to confidential reasons, we are unable to release the drilling results at this point in time. Once everything has been satisfied, we will release them immediately. We thank the shareholders for their continued patience.’

It’s simple respect between a company and shareholders.