Ann: Quarterly Activities Report and Appendix 5B , page-14

re: Ann: Quarterly Activities Report and Appe...

A rigourously prescriptive Request for Proposal (?RFP?) process will be used to bind commitments to
the Project from

already identified carefully selected major domestic and global petroleum and mining
companies

Will they be able to come up ith the funds or is it asking to much .

These guys that have been employed in the last quarter must have a lot of faith in what they have seen on file to accept just options


The Company issued 300,000 unquoted options during the Quarter. These were issued under the
Company?s employee share option plan (?ESOP?). There were no other changes during the Quarter
and at 30 June 2011 there are 37,123,332 unquoted options at various exercise prices and various
expiry dates.

Since the end of Quarter and up to the date of this report a further 7,646,665 unquoted
options have been issued to various employees under the ESOP.

What is all the options worth 500;000 $ or so thats ball park figures


Bit rough next quarter will be nearly 2 million addministration

Exploration 3 .4 million

So 5.4 mill gone at end of next Quarter by then hopefully JV by then

Sorry have to stop got to go try Zoot on for wedding by for now all good