Ann: Half Yearly Report and Accounts, page-20

Cummon Jaks,

If the seismic is good and there is a big pile of strata updip from Xanadu 30 metres wide going for a couple of kms, a great target for a re entry and horizontal from the Xanadu 1 drilling pad . The market will go ballistic.

Find the goods and it will be fine.

If the seismic finds bugger all but the 4 metres it’s al over, be first to bail.

The odds of Xanadu finding the best location on the useless seismic they had at hand is well neigh impossible. That’s why we are doing a 3D seismic.

Interesting times ahead

Sy