ann out., page-8

Lol bart, it is good to see a refreshing new look - I hope TB isnt blowing out the payroll by employing a marketing/PR guru.

But seriously there's some interesting shifts in focus:

1. Comparison of liquidation value to base case NAV (i.e. no recognition of exploration potential

2. Re-framing the upside potential with additional clarity around value of diffrent layers in both Hawk Springs and Fort Peck projects

3. Seems to be emphasising Fort Peck over Hawk Springs by positioning it earlier in the presentation

4. Clarity on plan for 6 infill wells at Nth Stockyard

5. Clarity on various project timeframes, including SOA re-drill

This tour, on top of previous investor relations tours, suggests TB is focussing strongly on building a solid insto base in the shareholder register.

Good stuff!

Cheers, Sharks.