Ann: Good Oil Conference Investor Presentation, page-15

Many of the current shareholders I’d assume are taking part in the placement hence the reason I’d suggest for the gentle trading which is low volume and only minor deviations + / - around the 3 c mark, only to be expected.

Of great interest from the XST forum, it appears from ‘ black Italian’s post of today, having spoken with SGC they are also shortly to rectify the water ingress problem in the Dempsey well. From his post, he notes. : a. ‘ casing didn’t set properly while drilling which allowed a water ingress to effect flow rates ‘ ‘ Dempsey was producing around 1000 Mcf / day from Kione sands ‘ . Do visit the XST bb. to read in full

With CRC’s being such specialists within the Sacramento Basin their knowledge and local drilling expertise will greatly strengthen SGC’s role as Operator on the Borba, Alvares and Dempsey prospects. IMHO we will shortly therefore have an extremely exciting and rewarding programme underway with the ‘ holy trinity of wells ‘ being drilled.