Ann: Appendix 3B, page-5

The whole thing that I find troubling is that for the last six months, wages, salaries, etc are being paid out of our company coin. Seismic results are being gathered and examined yet we are none the wiser as to these results. Just on the results from STO alone the company couple be worth any greater multiple. What are the BOD and the company doing that the market cannot be kept informed? What are the BOD and the company doing that they are not working on and for our behalf? You my think these are naive questions but they really get up my goat. It borders on completely unethical behaviour.