Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-13

Great quarterly report.

Lots in there and plenty they are not telling us. Quite a few avenues for long term steady state revenue streams and the usual project based ones with our new EPC capability.

QGC bubbling along, now meeting with the client's team to review technical aspects of our offer. The new capability adds a feather to our increasingly expanding bow.

I think we've waited quite some time for things to really gather momentum and now it's starting to happen.

Mining and CSG now spearheading our technical offering giving us two markets to pursue with more confidence than we've ever had before.

I think this quarterly alleviated a little anxiety that was building up. I plan on catching up with Bahay over the next few weeks to really take that quarterly apart.

Also look forward to further news out of QGC /Shell in the near term. ( in my opinion that is all leading to one thing, advancement of the downstream plant and the FEED).

Not long now.

Mr M.