Ann: Change of Director's Interest Notice , page-36

Callback

The Southern leases are in moratorium. The Eastern Leases will probably be subject to exploratory drilling, as I understand it, under an agreement signed in 1987, but under challenge from the TO's.

I do know that when we left for Katherine that there was an anthropologist on Eylandt mapping exclusion zones and registering sacred sites in that area, and that there was also heated debate between the ALC and GEMCO re the validity of the 1987 egreement. I'll update you when I get back to the ALC on Wednesday.

I'll also be in a position to update you on the state of play between the ALC and GEMCo re the latter's seabased tenements. While I keep my eye on the land based stuff my role is coordinating the TO's sea based campaign.

Anyhow Callback, I always answer your questions but you still haven't answered mine; why, in your opinion does the GOT SP ebb at under 20 cents?

Cheers

Yilyanga