15c, page-6

chris, can the decision be appealed?

Is there a process and time limit on an appeal?

If so would details be available on the PAC website?

Who pays the costs of such an appeal?

Apart from that the 'sophs' at 14 cents are still around in numbers and should stay until their orders expire. The general market slump certainly does have an affect on buyer sentiment and my take is that when the markets look up, in maybe two months or so, buyer interest will return.

I have sold my CRC position but will look to buy as the price softens further.

Also there is still some financing to cover and drilling that is designed to lift reserves. These are two of a series of really good news anns to get the oppies converted.

I expect fireworks.