Ann: June 2011 Quarterly Report and Appendix 5B , page-8

re: Ann: June 2011 Quarterly Report and Appen... I can see where your thinking is coming from BillOM, what they should have said going off the last drilling report is 26 wells drilled with 20 producing and 4 more expected to become succesful.

The upside to production comes from them being able to complete 2-3 new wells each month. This will soon start gathering pace as they aquire new rigs.

At the moment you cannot expect a "quantum leap" up as this has been a steady increase since listing, next report should be better though as we can expect 4 new wells to be producing.

When they build/aquire more drilling rigs is when we can expect a quantum leap up as they are only limited by the amount of cash they generate. There are plenty of sites to drill.