Ann: Glenaras Gas Project - Production Update, page-12

Hi Laraway,

I disagree with you that Instos own 50% of GLL.

There is no evidence to support this.

With respect to the decrease in Directors and Management 

ownership this is due to Mr Ashley Edgar no longer being

part of management. He is number 8 on the top 10 shareholders. He is a former Director and he acquired his shares via Musk Energy back in 2012-2013.

I agree there are definitely some interested parties accumulating shares at the moment evidenced by the 

late purchasing of shares from 3:40 pm til close yesterday.

Approximately 1 million shares was purchased with big orders

on the buy line.

Shareholders need to be patient and not sell to them.

Commercial gas flow should be achieved early next year.

The company will then be re-rated.

Once this is done Peter can sure up the maiden resource 

of 500P as he has stated. Then we will see a further SP 

increase. Once the maiden resource is confirmed we can move

on to converting more of our tenement.

Everyone just needs to be patient. GLL will have its day in the

sun imho.