Ann: Corporate Presentation, page-22

Guys,

We are really paying too much attention to this "may not even happen" CR. Let's divert out attention to
the all important next two announcements. The first to tell us we have started WL testing and the second one telling us the result! Will the first one be today? We can say that the second one would be (say) 3 days after the first.

Wouldn't you just like to have placed an option for a couple of million barrels of oil when they were paying
people to cart it away? Would have done much better than buying CVN shares. That is before the
Pavo WL result and Apus drill at least.

Good luck folks.