Ann: December 2009 Quarterly Report , page-26

Here is my pitch for the CEO's job

Firslty, I luvs ya all & thank you Board for giving me this opportunity.

Here is how I would generate shareholder value:

1. While I believe a liquids stripping project is ecoonomic, for the benefit of the sceptics (like Kray), I will push for an FLNG project to improve the economics of the CRUX project.

2. Aggressively embark on near (Crux) field exploration to hopefully tie in with the Crux project and further improve the economics of Crux.

3. Lobby the WA & Commonwealth Govt to pressure Shell to accelerate the FLNG project, using the 'use it or lose it' stick.

4. Aggressively pursue farm-outs on other permits to crank up the exploration program generally. Maybe selling out of an entire permit if value can be extracted. I'm not a big fan of the Perth Basin.

5. Sell down part of Longtom because frankly the debt level is yuck.

6. Utilise Harvey Norman 30 month interest free facilities to purchase equipment.