Ann: Drilling Update Sugarloaf Shale Gas Project,, page-5

re: Ann: Drilling Update Sugarloaf Shale Gas ... Fishinnick ,I have my own thoughts but there are far more competent people than me at the numbers such as Estseon and Trader and hopefully we will hear from them shortly in the light of today's announcement .I tend to look at companies from a more holistic perspective in terms of the makeup of the register ,sector ,marketability, management ,growth propsents and the like .

In my view this company isn't as comparable with AUT as a lot of people think .aut have proven management imo , capability to do deals that really grow the company, massively funded ,and of course the future work programs can't really be compared .I think EKA has shown with developments over the last 3 or 4 months that they have the potential to head in that direction . It's just my ballpark feel but if this year's oprogram for EKA is as successful as what we would anticipate there should be a dollar in them . Currently I believe that they are trading around half price on what they potentially have in the ground . The key is the potential to grow the company from the current platform and now that funding is in place this should occur . So yeah, AUT is a differnt beast but it does give you some guide as to what's possible