Ann: Block 9 Alameda 3 Appraisal Update (Alameda reservoir), page-134

copy of email sent to MELBANA...FYI

Dear Sir/Madam

I’m registering my dissatisfaction with the consistency, depth of information, and quality of information in terms of communication to shareholders and investors.

In particular I will draw your attention to the drilling and flow testing of the MARTI/ Alameda-3 reservoir where there was no announcement about the start of the flow test process. Then shortly after that flow test FAILED, the board decided to advise the market that flow testing had started for Alameda and was planned to take up to 5 days.

Let’s apply the “reasonable man test” … how would a reasonable man interpret these 2 messages from the board!
Board decides - I don’t tell you about Marti because there are some issues so I won’t say anything…. Then the board declares.. sorry we couldn’t get Marti to flow…. But then!!! Board says…Hey were flow testing Alameda!!! Let you know in 5 days… that’s all we’ll need. Completely chalk n cheese.

Why wasn’t the same/similar announcement made for Marti? Please elaborate.

Why has the board approved to mask:downplay issues/ mask problems (within the reporting boundaries of the ASX) from shareholders and investors with nuanced and inconsistent announcements?
Do you think this has engendered trust?

Secondly, there was significant selling prior to the Marti flow test issue… and then again just prior to the Alameda-3 reservoir flow test announcement approximately 30-40minutes prior, there was an extraordinary sell parcel of some 1.83m shares by 1 seller at 5.8c when sentiment has been positive for the past 3 days.
The identity of this seller needs to be disclosed, as it seems evident this seller was aware of the announcement prior to the market.

This email is going to the ASX, as you may well imagine.
A copy of this email will be shared widely.

I’m not alone with this dissatisfaction. I look forward to your earliest response

Regards