agm presentation, page-30

Thanks to all for taking the time to post the AGM info.

Is the following a fair summary of the timeline going forward from what everyone has said ?

This Week - Ash Creek Eagle formation test results

December - Chemical Flood Report from Uni ; Further Ash Creek testing / workovers if the testing above is successful

Early 09 to April / Spring - Potential JV for Grieve development signed; Nymex (??) field design study undertaken in preparation for pilot (Based on assumption Uni report is positive)

April / Spring 09 - SDS gas formation testing; Uluru 4 shallow gas wells tested; Grieve Muddy chemical flood pilot program undertaken ; Possible concurrent testing of Grieve upper sands ; Reclassification of Grieve reserves on successful pilot completion

Late 09 - Potential production from Grieve Muddy begins; Kakadu Gas & Oil drilling program commences ; Continued shallow gas well testing at Uluru (Montana)

Cheers