re: Ann: MD presents to US-Australia Roundtab... Another...

re: Ann: MD presents to US-Australia Roundtab... Another presentation....same information....
Confirmed that......refer presentation slides.

Waiting for outcome of grant application.....of $13million which will fund half of the expected cost of $26million...

Ptr could get a rebate of $7million..

Need nett $6million funds of which beach need to pay 21per cent of $26million...being aprox.. $5million.

Totals...

Grant $13
Rebate. $ 7
Beach. $. 5

Subtotal. $ 25 million

Shortage is aprox. $1million

So....ptr must fund aprox $1million and keeps 79 per cent of the project.

Not bad if u ask anybody?

Target to drill stated again is second half 2013 .

First step is to get the outcome of the grant application...need the $13million.

Once the Announcement of the grant comes.....the share price should be at least

$26million divided be 79 per cent....

Being aprox...

20 cents per share.

Current price is 2.4 cents.

A profit of aprox 17cents per share.

Well worth holding on for the Announcenent if u ask me....

Then I would expect another jump in share price once a rig is booked....

The share price by second half could be aprox 30 cents per share..

Sounds crazy...but certainly possible if ptr gets just little bit of luck.

So I hold waitin for the grant to come through because I can't find another stock with this kind of return possible.