Ann: Appendix 7-NTL.NZ, page-41

Hi Towie,

I can confirm for you that you are mistaken.

For every share a shareholder held last Friday they were allocated 3 rights.

The rights can be accepted by paying 0.5 cents per right. Or they can be sold on market, at which point the buyer has to pay 0.5 cents in addition to what they paid on-market.

Buying the rights at 0.1 cents on market isn't a terrible idea, the only cheaper way to get the shares at the moment is to either buy on-market at 0.5 cents or alternatively to see if the company will allocate to a non-shareholder (if you are non-shareholder) a portion of any shortfall leftover.

I'm sure LNY's results will be fine, particularly in the areas around Rahu. If they are drilling deep down then it will be a very good indication of what lies inbetween Talisman and Rahu