Ann: Operations Update , page-2

2 Trial Production licences announced on time :) :)

J-59 started drilling before the end of 2012 as well :) :)

Behind in the testing program for J-55, but they must be confident of it working out just fine as they have decided to go ahead with J-59.

I look forward to the test results from J-53, now that they can work on the well again following the award of the trial production licence. I hope the work carried out so far was successful in shutting off the water flow and that the well tests in excess of 600 bopd.

The comments regarding J-58 are very interesting. The seem to think all 3 zones are going to be productive and want to run back to back tests on all 3. I wonder if they will be able to co-mingle production from all 3 zones should the indivdual tests prove successful?? If they are then you could be looking at production of over 1000 bopd from the well bore, which will do wonders for your cash-flow and value.

J-59 is up dip of J-58 so they will be hoping to find the same 3 zones in that well. This Southern tip could prove to be a very lucrative part of the licence.

Lots to look forward to over the next few weeks.

As usual the ASX market is not understanding the consequences of the announcement. Such is life. Just gives me more time to keep buying up more.

LOTM