presentation by peter hatfull, page-14

That's a good summary actually, and I don't have much more to add from the presentation Tuesday. I too was very encouraged by the news from the USA.

However Patersons Securities' has just released a company profile note on Algae.Tec. I have purchased all my AEB shares through PSL, so that is why I have a copy of the extensive report, which contains many of the pictures and tables used in Peter Hatfull's presentation on Tuesday.

PSL's Brisbane-based bio-fuels analyst has not placed a buy rating or price target on the stock as he is waiting on the first significant milestone/s to be achieved, particularly the successful operation of the Manildra trial plant and independent third party certification.

We were told that this is now likely to be in late June-early July. I was hoping to be able to visit Nowra tomorrow as I will be in Sydney but the Manildra site will be closed while permanent power is being installed to replace the generators currently being used.