Ann: Quarterly Activities and Cashflow Report, page-10

The following is a first crude attempt to quantify the various projects mentioned. and arrive at some sort of contribution to the share price
16 of these were sourced from tables in the in the tables in the quarterly. The Oman 2.4 billion barrel field is also included with a basic assumption of 1000 ppm injection. The proposed $20m fee for exclusivity to middle east is not included. Furthermore the Canadian environmental clean up project is not included.
Please note that the total market is much larger than this and that projects are continually coming in.
I estimate the break even quantity of drum sales to be about 7 drums per day at current company size.

The bench top seeking trial category was not calculated. Assumed $5. One can assume $1 and it will not change the bullish picture.

It is noted that a estimated sales price per drum (.76 of a barrel) of US $2000 is assumed based on original company history etc. A lucrative gross profit is also assumed (100% mark up) . A US to $Aud is assumed to be .68c.

In short we have a company that is worth dollars per share and not cents.
All my opinion and based on first pass and first calculation of facts.
Do your own research and consult financial advisor before acting.

	FIELD TRIALS			Share	Project			Quantity	US	Aus				Contributiom
				Price	Size	Dosage	Quantity	in drums	$ /day	$/day	gross profit	gross profit		share price
	Project			Contrib.	barrels/ day	ppm	in Barrells	per day			per day	per year $		$/share
	Break Even							7	14,000	20,588	10,294	3,397,059
1	China CNPC	Dilluent reductionion in 1 well		1.04	38,000	2,000	76	57.76	115,520	169,882	84,941	28,030,588		1.04
2	California 1	Dill reduction + clean up		0.03	1,000	2,000	2	1.52	3,040	4,471	2,235	737,647		0.03
3	Utah 1 and 2	Pour point reduction		0.31	23,000	1,000	23	17.48	34,960	51,412	25,706	8,482,941		0.31
4	Canada 1	Pour point reduction		0.03	2,000	1,000	2	1.52	3,040	4,471	2,235	737,647		0.03
5	Canada 2	Replace butane		0.03	100 wells	500	3	1.9	3,800	5,588	2,794	922,059		0.03
6	Canada Alberta	Fown hole		0.03	12,000	500	3	1.9	3,800	5,588	2,794	922,059		0.03
															$1.48
	LAB AND COMPANY BENCHTOPS
7	Cairn	Pour point		2.39	175000	1000	175	133	266,000	391,176	195,588	64,544,118		2.39
8	Columbia 1	red viscocity		0.57	42,000	1,000	42	31.92	63,840	93,882	46,941	15,490,588		0.57
9	Colombia 2			0.03	2,000	1,000	2	1.52	3,040	4,471	2,235	737,647		0.03
10	ADNOC	Sludge		0.61	45,000	1,000	45	34.2	68,400	100,588	50,294	16,597,059		0.61
11	Turkmenistan			0.00
12	Nexcen	bitumen		1.00	72,000							unquantifed	>	1.00
13	ADNOC	tank clean		1.00	Large							unquantifed	>	1.00
14	Oman			4.49	328,767	1,000	329	249.863	499,726	734,891	367,446	121,257,051		4.49
															$10.10
BENCH TOP SUCCESS SEEKING FIELD TRIAL(unquantified)														0.00
	Project					Bench top Result				Status
11	California heavy oil -downhole					viscocity reduced				Field trial proposal submitted			>
12	Kuwait oil- downhole					viscicity reduced				Field trial proposal submitted			>
13	Basrah Oil company -pipeline					viscocity reduced				Field trial proposal submitted			>		$5.00
14	Basrah Oil company -pipeline					Tank Clean				Field trial proposal submitted			>
15	Chinese major Offshore					Pour point reduced				Field trial proposal submitted			>
16	Gulf of Mexico pipeline					liquid ashphaltene and parafin				Lab test underway, field trial sought			>
		total bench top Est		5.00								TOTAL	$		$ 16.57
			TOTAL	16.57