Ann: $1.25M Institutional Placement & Appointment of Argonaut, page-24

A phone call to EMP in the past was painful, Carl had NFI about the oily pennies, and was completely out of he,s league in the O&G sector, EMP had no hope of getting a JV up with CD at the helm, with Argonought now heading up Judith in Bass Strait EMP is completely different fundamentally and the SP is starting to show the Tenements actual worth into the SP.

EMP was dead in the water and floundering with Carl at the helm, now with Argonaut the sky is the limit in the ST, next big step a MOU in Judith and we are off and running in the ST imo.