1,000,000 taken out at .08 !!, page-17

Pete, don't forget the extra ground and JV's OBL has picked up in the Gippsland Basin (GB), which looks exceptionally good.

And there will be more to come from the GB, which could be a real winner, and I would invest in that alone, but then there is the Canning Basin which has taken off, BackReef and Carnarvon.

Carnarvon Petroleum have had significant interest from big multi-nationals in the Carnarvon Basin.

One key to the Canning Basin is closeness to infrastructure, and guess who is the closest...OBL.

The more turmoil there is in the Middle East, and the South China Sea, and parts of Africa, the more valuable becomes Australia's Oil and Gas.

The timing is perfect for OBL.

Gw