Ann: Dispatch of Offer Documents and Entitlement Offer Open, page-3

Hi Maxym8

Did you study the highly technical announcement made on 19th May, as that is where the primary good news is contained? The price has not jumped up, and the market may not have fully understood its potentially large significance. Until the announcement the hydrogen project was in essence a conceptual study, with the benefit the company had secured rights over an enormous acreage for the study, The initial results of the fieldwork and lab testing appear to have changed the basis with the discovery of the presence of the gas generating source rocks as well as surface seeps. There seem to be basin wide prospects for gas entrapment in the Blue Billy and Discovery formation. Turning a conceptual opportunity into multiple prospects is a potential big game changer and why I remain bullish.

You raise an interesting point about the Ularring, as one would expect the drilling to have concluded by now. Maybe they are awaiting assay results, which can take several weeks. I think the most potentially impactful project is the hydrogen.

Best regards.