Ann: Quarterly Activities Report , page-2

Been on a bit of pre-SPP information offensive recently.

Key highlights:

1) 3 to 4 Core well drilling programme MEL say is confident of starting end of this year.

2) Rosella seismic to be shot and drilled 2Q CY 2013.

"Discussions are ongoing with several parties interested in farming into the conventional opportunities by funding drilling."

3) RVPS plans:

"The electricity market has changed significantly since the project’s original inception.

As a result, Metgasco is re-evaluating the optimal approach, varying from installation of smaller generating capacity initially through to joining with another company that is considering larger, peaking power generation in the area."

Is this ERM with Braemar or Wellington planned plants? What exactly is "joining"? We supply the gas they supply the capital in a JV?