Ann: Appendix 3B , page-64

Oz, you watch what happens to the OEL sp when/if they book a rig to drill Hawkeye, and it's only 3 mths out from spud...we're 2 and a bit from Bara spud which could come 1 or 2 weeks early knowing Keppel.

I think that Bara is a real chance, but if it's dry, as Harry indicated, they've got nothing in the near term that even comes close. Pawikan would have to be it...sp nose dive!

"Phil throwing the odd surprise at us lately"...sale of SC54A for US$3M, and entry into Indo with 3 near term small wells...one chance left. Didn't see this much volume around for any of that.

With the money available, what could he give us near term that would stack up against Bara, say by the end of this calendar yr?

He indicated in the recent BRR that he "hopes" to have some good news for s/h's in a couple of mths time...pretty early buying if it's insider on whatever he's got cooking...and premature if it's not already inked (which would require him to disclose).