Ann: Appendix 4E 2008 Annual Management Discussi, page-8

re: Ann: Appendix 4E 2008 Annual Management ... Very strange indeed. I would expect this question to certainly come up on the conference call....management has to explain this, and explain it well. At first glance very disappointing and confusing they would enter into additional hedges. Only logic is they anticipate a precipitious decline in the US dollar by the 4th quarter of this year.....would be nice to see a company be forthright and approach it directly rather than hoping people don't notice. Not saying OGC is doing that, but I expect a defensable response.