CVN 0.00% 16.0¢ carnarvon energy limited

under valued?, page-9

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    you can add some more shares to what we have with the next meeting and dont forget that Adrian Cook will join the executive team as General Manager (Finance and Corporate Development) starting 2nd November 2009. Commensurate with this management addition, Philip Huizenga who is currently Chief Operating Officer, will be promoted to the position of General Manager (Operations).

    Since the date on which the Plan was last approved by shareholders in general meeting, being 30 November 2006, a total of 14,887,500 shares have been issued under the Plan.
 
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