Ann: Chairman's Address to Shareholders , page-2

The future at Arrowsmith
Arrowsmith-2 is currently shut-in whilst a forward plan is developed to commence the final phase
of testing. The plan is to re-enter the well and remove the faulty gas mandrel, then to run a
production logging tool in order to assess the gas contributions from each formation being tested.
This will be the final stage in the evaluation program for Arrowsmith-2, and this final data set will
enable Norwest to further enhance the existing comprehensive database of the Basin’s
prospectivity, enabling us to plan with confidence for the future.

ONCE again we are notified a week after this was suppose to have started. IMO This is not good enough and mister market feels the same way.