Ann: Half Yearly Report and Accounts, page-29

Tui,

>>It is one of the top ten basins in the world and work undertaken by NWE, , AWE and a host of others is proving up a very valuable West Australian Resource.<<

But at what cost to long term supportive NWE Shareholders who continue to be left largely in the dark as to what is being achieved on their behalf. Remember we were north of 8 cents at the time the company received approval to Fracc Arrowsmith. Do you think that the SP will recover to this level in the next 3 years and after how much more diminution of our interests in the project ?

We used to complain about "No News Joe" but he has proven to have been a chatterbox compared with the current management. Anyone seen the latest Norwester ?

Best wishes