Ann: Open Letter to All Shareholders , page-42

Hi Rayser,

I am glad you liked it. I haven't quite stopped bleiving that some version of the stroy is possible yet.

With a close price of 0.005c, you can imagine that if the oil reserves report was to come out Monday and it was positive which you would expect, then it might jump 40% to 0.007c. A big holder might engineer this and see who is willing to follow.

The people who had a look at it the other day when it was up 40% on the top 20 list would have it on their watchlists.

If a few big players jumped in an the stock ran upto 0.008c or 0.009c then the rights issue at 0.005c would look very attractive.

Longer term it has to produce oil and become self funding.