md's shareholder briefings : sydney, 12 july, page-6

Hi GOD1,

Very much appreciate the comprehensive report on the presentation by R.Cottee. I for one have supported his appointment as I believe that he has the runs on the board and
has the ability to take us to the promised land.

I was also in favour of the 3D seismic prior to further drilling at Surprise and am particularly interested in the result for EP97 (j.v with Rawson) where CTP has always thought that "Madison" could very well be an"ELEPHANT target".

Thanks and good luck,

Klaas