Ann: State 16 Well Status and Development Update, page-7

BNL has talked production for too long now, only its materialisation will move the SP to where it belongs. As I’ve said previously, anyone who wanted to get in as a holder has done so, there is no new market for the shares, unless a new stakeholder emerges. There are plenty of us, including institutional investors, still down on overall investment, so any answers to the following questions would be welcome. I shall send them through and let you know if I get a reply.

Are we moving the IACX plat to Galactica?

If no, then details about a new plant, who is supplying and when?

Likewise details of the CO2 plant?

When will contracts for off take be detailed, as talks have been ongoing for an extended time now?

When will the final approval for five Jackson wells and OGDP be delivered? Today’s Ann. only says later this year.

Do we have to wait until then for production plant, roads, drills, and kilometres of pipe?

As per usual, don’t get me wrong, I’m a long term holder, now confident of the resource, it’s just the progress that frustrates.