Ann: Appendix 3Y SN, page-26

Hi Barney
Pretty good call .Thanks.
I think the biggest mistake was to keep drilling ( and draining our money ) in Mongolia instead of testing to see if we could get the gas out .

I believe we have a future in Taroom.
I just love the fact that Shell and EXR are going to have a crack at 3000 metre horizontal laterals.

It will take a while but we have
1. A massive gas Trough
2 Shell as a major investor bringing in a new heavyweight rig
3. Great logistics
4. Two dynamic personal from STX.
5.A strong gas price
6. A local govt prepared to help
7. Proven contingent resources
8. The biggest share of the Taroom Trough
9. Local refinery upgrades.

I still have 7 m shares so will wait this out
As Tom Petty said
“It is the waiting that is the hardest part”
It don’t come easy.
Best
tui