Ann: Change of Director's Interest Notice, page-4

Its not surprising to see the weakness in the share price given the declines in the crude price over the last few days. The oil price is a key driver of whether new oil and gas projects proceed. At current prices, the MRM recovery story remains intact, however if the crude price falls another $10 to the low $50, then the story starts to get a little more shaky. For me, I think the latest declines are just typical volatility on an underlying upward trend in oil prices. Accordingly, its likely a good buying opp for those with conviction and patience.