Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-3

Looks like a great quarter.

- Stable production
- €2,312k Revenue x 0.63 Share = $2.4M AUD to PVE
- €1,037k Positive Operating cashflow = $1.72M AUD to PVE
- Almost $5M AUD in the bank.

There was a large 4M crossing at 3.7 today. Hopefully that sets a short term floor underneath the stock.

Dutch TTF futures suggest profitability will increase during the year (PVE receive a premium to the Dutch TTF futures).

Trading at a 5.5x NPAT / EV which is ridiculous and you would think will double at some point considering 2P reserves for PM1 will last over 10 years + all the upside from neighbouring wells + potential divesting from other non core assets.