Ann: Arrowsmith 2 Update Presentation Sydney 7 an, page-15

re: Ann: Arrowsmith 2 Update Presentation Syd... Part of BPTs slump may be realisation that results on their second well wont be until q4 2011. plus general abhorrent conditions.

Theres never the buzz surrounding gas like there is for oil but yes we are evolving from just an explorer with some JV interests. These are exciting times and given what we are doing there is value at these prices.

Need to let the numbers do the talking. It's not the sort of market to value upside but if our gas plays are commercial and the numbers are accretive..........