Ann: Notice of General Meeting 30 May 2012 , page-13

meeting to approve set for 30th May.

The positive I see in all this is that by 3oth May we should have definitive results on Defender, Aus2 and Gretel. Would they be putting such a package together if they had doubts about these wells and the HAL JV continuing?

I like to see directors holding as many shares as possible so this is one way of getting there and perhaps once the results of these wells are released we will all be feeling generous.

We must remember that TB who is gaining the most out of all this is the one who did the CHK sale and then the Fort Peck land deal.