ann out: farm in with ctp approved, page-8

This is a fantastic news having ROG in CTP Farm-in but not as an obligation but a contractual right.

I remembered expressing my concerns to Rohan Gillepsie in that, what happened if ROG has to commit to do CTP farm-in work sand they (ROG) don't have enough money or are not interested to.

RG said the CTP farm-in will be negociate case by case and they (ROG) will only be drilling with CTP only if they manage to raise enough capital.

Following are my previous post "Conversation with Rohan Gillepsie (20 Oct 2009):"

http://www.hotcopper.com.au/post_threadview.asp?fid=1&tid=1017835&msgno=4633849#4633849

(BS) ....

This is the first time I posted on ROG thread, as I start to interest in this company, similar to CTP. Note that I do own shares in both portfolios CTP and ROG.

I just spoke to Rohan Gillespie this afternoon, and he confirmed that ROG will be drilling at Christmas subject to rig available. RG also confirmed they have tendered for a rig.

RG also confirmed that the recent capital raised is ONLY for drilling the tenement at Surat Basin (ATP840...) and this fund will not be diverted for any non ROG tenements at this stage.

As with CTP, Rohan thinks that the CTP drilling program setup with ROG will be happening early next year if there is no problem, and ROG will only be drilling if they manage to raise enough capital for this one.....

Go ROG !!!!!

Cheers - BS