Dunnart 2 Drilling, page-8

Hi Roznov

Totally agree with you with respect to CM/BM/KM. In the end it will come down to KMs expertise and whether oil is discovered in the first well and if it is BMs wage is a pittance in compared with the potential multiples that the sp will go up. Even if oil is not discovered I have been impressed with KMs total professional manner. He has all the bases covered if oil is discovered. The potential for the sp to go up with four contingent wells to be drilled till January 2015 will be a lot but as we know it is all high risk.

In relation to the top 20 it was a confirmation that KM is highly regarded having two shareholders prepared to take up ego"s 52 million shares at a slightly higher price than the market in a very poor market conditions for small caps.In addition the top 20 has seen increases.The selling that Dapper had mentioned may not have been top 20, it could be that they had dropped below the 4.4 million threshold to be included in the top 20, so the register could be a lot tighter than one thinks.

I had previously written some time ago that 220million shares over the year had been traded since the sp price reached its lower levels. It is an illiquid stock just waiting for something positive to happen.

Goodluck to all shareholders