Ann: Appendix 4D and Half-Year Report, page-13

I was just acquainting you with the standards which the law applies to PDP reporting. It has little to do with what I think the company is worth. The fact is that no matter what you or I think the company must report their PDP values to the market according to those standards and those figures will be the way the market judges them. That judgement unfortunately reflects in the share price. I still hold a small parcel in the hope that eventually they can rebuild their balance sheet in much the same way that CCP built theirs after a similar debate over what their PDP values were.