Ann: Approval Granted for TP15 Xanadu Seismic Survey, page-55

I said if push comes to shove Xanadu could be drilled without 3D Survey. yes it was approved but we lost a window to do it last year when all the momentum after the wire log results were with us - NWE have spun that it is now fortuitous it has come late - a year later so it can now be done this April /May/ June - one thing for sure NWE cap raising on the way and consol. TEG will start to focus on Horner now and Mentelle to keep momentum going - overlapping success is important if you do not want to be pigeon holed as a one horse wonder- momentum is everything apart form results - Xanadu lost momentum and it take a while to build again now.