ann out...., page-22

Hi Brabus,

Yes it is. The announcement by Sentry Petroleum in the US last night hopefully means that we are few more steps closer to Sentry consummating the J/V with MHL now that the MEDINA Qld acquisition is completed, and thereby as I stated last night in relation to the high Admin Exp:

"Of course all of this could become immaterial when Sentry signs on and if those expenses are related to the J/V. They would be reimbursed to MHL per J/V agreement as to Sentry assuming the related expenses from 01/01/2008. Time will tell..."

Cheers,
Brantley