Ann: Notice of Annual General Meeting/Proxy Form, page-63

Neil is just brilliant at telling the elixir story up to now and what's in store in the near future... Richard reminds me of a workmate I had once, sharp as a razor with that Aussie nth qld drawl the yanks just loved him.... put a hat on him and he was croc Dundee... their confidence is contagious and it does feel like we aren't that far away from the end game....

gas prices through the roof... by the time winter hits in the northern hemisphere it might hit $8us...

demand is through the roof with a bullet and the northern winter is still a month away.... (the pain ppl will go through in China this winter will not be tolerated next winter, supplies will/must be secured by China by then) and Russia has shown it can be ruthless in its gas dealings as it has been with the EU causing prices to spike...

next to the biggest energy market reducing transport costs and liquification and increasing margins as a result...

works program for 2021 is/was 20 wells, IMO 2022 will see 3 wells a month, with delays say 25 to 30 wells... our hit rate has been better than 70% at this stage which bodes well for the team analyzing the 2d seismics so hopefully we maintain that... I imagine the geos can only improve on their analytical skills...

the hydrogen from green energy and what is normally waste water is a bonus, grt way to monetize a bi product by converting to green hydrogen... big $$$ there...

but the real prize is obviously the gas and proximity to China...

I think the sp was pushed up prior to the update (which was a good one IMO, ppl are expecting huge meters like at nomgon but they need to understand those results were extraordinary and replicating them should not be an expectation by a reasonably informed person, jus go read up on producing cbm wells and compare the coal widths) in order to be sold into but the volume wasn't there to support this and the price dropped too much... the completion of phase 1 nomgon well is a milestone moment which went largely unnoticed due to the comparatively shallower meters of coals at Richcairn compared to nomgon... however let's not forget that richcairn anomaly on the 2d showed it to be 2.5 times the length of nomgon... nomgon is approx 40km long and richcairn is just over 100km...

as long as we keep finding the gas in some of the other 20 + basins (let's be reasonable, we can't expect to find them everywhere, can we....???), with another 4 holes this year and another 25+ next year, I think we will be like ripe fruit hanging of a tree, irresistible to the hungry by the end of
2022.