Ann: Farmout Of Offshore Vietnam Block 120 , page-8

Yes Ed, the ducks are lining up:

1/ Drilling now at NSA = more positive cash flow

2/ Additional $750,000US in the bank

3/ Paris Valley reserve assessment pending = Potential company maker with near term realisation.5 more wells permitted.

4/ Block 120 deal + seismic paid, May start, targets and value add this year, longer term potential to be a company maker.

5/ Down the track we have more at NSA, two more zones in PV to appraise, ESA (permits in place), Block 105, and whatever expansion(s) they intend.