Ann: Quarterly Activities Report , page-5

"*PRC investment also"

Besides all the other reasons listed such as lower oil price presently compared to last week or 10 days ago and various other items that El mentions it could be that the present bind that PRC is in financially could have implications for NZOG.

A NZ sharebroking firm just put out a note on PRC and indicated that judging from their Quarterly report then they could need perhaps as much as NZ$50 m to get themm through.

That could mean getting a loan from NZOG to help PRC through to major production.