Ann: Operations Update, page-252

This would probably be bigger than the Queensland field in terms of reserves and resources. One needs to look at fields in other parts of the world and of similar size (if they exist) before making conclusions of T/O price at around $1! This is too big and full of resource and I believe that on this basis this would be sold for a price well beyond $1! I understand that we don't wan t to get our hopes too high, however we need to understand that this is just the start and we would have multiple other basis to drill which would further add to the resource figure thereby making this a more worthwhile investment than folks are saying it is.