Ann: Change in substantial holding, page-2

Interesting Geoff Barnes keeps buying up here. He was to be one of the replacements to the board when the motion to overthrow it was put forward. That motion was cancelled as board changes were made down the track with new board members not including Geoff Barnes while the old board is basically gone. So why does Jeoff Barnes keep buying up and what are the new projects and other opportunities are they looking at to create shareholder value. With 5 mill cash and a 5 mill market cap plus a decent oil project this has potential to rise. Interesting to see if they keep or sell the Newkirk project which has certified proven and probable reserves of 5.1 million barrels of oil. Some keen buying up today on it.