Ann: Independent certification of Ocean Hill gas resource, page-62

Look you are not going to be happy with my comments.

The obvious issues are environmental approvals for production and the current political environment. 35c was obtained just before the change of government (a week or so).

While there is gas in We, Se and more risky Ocean Hill we have no environmental approvals to extract it. Management has I think lodged some approval applications, but have not provided timeframes. We currently cannot extract the majority of the stuff.

I do realise it is a process, in the mean time management goes forward drilling hole (with great success, yet we cannot get to it yet) and deviating from the business plan. They continue to spend and unless we are careful more CR to come. And I do understand Wayering, but cash is not limitless.

The difficulty of an emerging small cap with big plans, hence a major market down grade. Just my opinion.