Ann: Change in substantial holding, page-22

Hi Blade,

Two months - well that would be an absolute miracle and amazing. Good to stay positive.

Two years more likely - well 12 months once FID is in (assuming they make it to FID on this second or third or ongoing attempt) is likely a more robust timeframe to work on.

That said if we rewind nearly 3 years - and I quote "The acquisition unlocks Mahalo Gas Project providing pathway to project development with CometRidge to be appraisal operator (as agent) to drive Mahalo towards a Final Investment Decision,then Santos to be development operator."

"Drive Mahalo towards FID" I think waddle towards may be more appropriate, it's now years later .....a couple of Capital Raises to keep management in the life they are accustomed to. And here we sit 3 years and we are no better off......well plenty more dilution just to add insult to injury.

Something is up and not in a good way