Ann: Funding Update, Rig Negotiations and Board Changes, page-16

assets $4million in casings and wellheads
spent close to $60million on **on and Madagascar , lease and seismic
$13million cash
driller values 3 holes in **on @$200million
I am losing and but still buying
double down at these prices

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7	Column 8	Column 9	Column 10	Column 11	Column 12	Column 13	Column 14	Column 15	Column 16
0	PVD	3,250,000	AUD	0.075 ​	20/09/2012	0.046	0.0000.000	-92,950.00-38.34	149,500.00
1	PVD	1,320,000​	AUD​	0.091 ​	05/11/2012	0.046 ​	0.0000.000​	-59,340.60-49.43​	60,720.00​
2	PVD	1,412,000​	AUD​	0.032 ​	10/12/2015	0.046 ​	0.0000.000​	19,474.3042.82​	64,952.00​
3

+ I have another 300k in PVD in another company 2LKs bought @ 60 cents average