Gas Reserve Update, page-20

The short-term money has exited maybe with a fewmore players to go – those invested in the company’s future remain.

Nothing’s changed – we remain strategically wellplaced to take advantage of the shortage of gas in a high demand market.

Galilee Deeps is moving forward – above the Deepshas not been touched or indeed farmed into so a story there is yet to unfold –Mahalo as we know has sizeable gas reserves with addition upgrades awaited but notyet released.

Short-term punters throwing money into anycompany creates nothing other than share price fluctuations as they enter/exit– just the way the markets work.

A 4% rise in the price today on a trading volumeof a small fraction of the shares that even I hold –just demonstrates how quickly the price will move when those on the sidelines decideto get involved and take a position.

No chance of a suitor bagging any sensible amountof shares ‘on market’ without driving up the price exponentially unless they areable to take a position during a capital raise.

Whilst irritating that the share price currentlysits where it does as it bears no reflection on our net asset worth – it makesnot a scrap of difference to those of us who are in this for the long haulawaiting either a T/O or eventual production other than an opportunity to bagsome more shares.