Ann: Annual Report to shareholders , page-2

I see from the Annual Report that Mr Askin company was paid $112,500 for the period March to June on top of directors fees for the year.

I also note that the Century Litigation is still in train, (Contrary to what the Annual Report says about all litigation being resolved (Other than the JH litigation)

I also note grave concern on the part of the directors regarding a second strike against the remuneration report.

I also note that the Company was not prepared to drill a second hope at surprise, stating lack of money but was quite prepared to spend the money on 3D seismic.

I also note confirmation of moving the offices from Perth top Brisbane.



CB