Ann: Corporate Presentation, page-26

Yagami

I understand that position perfectly.

I find it best to filter out the noise for some of the non holders. The ignore button is very useful. I don't have an issue if they are adding some value to the argument, as I have done on this forum with some other stocks that I know are overpriced, but in most cases, they are just negative one liners or peripheral issue that add less than nothing.

I remain concerned that a number of holders are looking for an immediate sugar hit with this. In most cases, they will end up dissapointed as the nature of the gas business is a long term venture. Get the right attributes and it can be a great investment.

I still see this as way undervalued by the market. I am happy to be patient, as I had a very low cost base, and I have taken some off the table as it has progressed. I am therefore left with a large carried position, and one that looks good on paper, with a set of risks that I clearly understand.

Best, AL