Ann: Craig Stallan appointed Chief Operating Officer, page-9

Another year , share price stuck in a rut ,we've been waiting 14 months for the new 12 month drilling report . we will not hit our oil barrel target for the quarter , 2 wasted months of bugger all drilling, no jv partner for hornet , no sale of csg assets in Queensland no finishing of our 5 unconventional gas wells no wonder the share price goes nowhere. We need to drill for a balance of oil and gas. Yes our revenue will be up a little but with the two new job positions we've made should more than account for the extra revenue. Our stockpile of cash has fallen from 150 million to around 80. the dow Jones is at record highs and we're going sideways at best.