"It is considered that in any event a seismic program would...

"It is considered that in any
event a seismic program would clarify the prospectivity of Golden Eagle for robust farm-in interest. "

"The Company has already engaged with geophysical firms in the US to propose a seismic plan and
provide cost estimations.

Options are also being investigated to determine what is required to remove remaining frac fluid and
to complete Paradox Basin #1 and #3 to bring them into production, now that gas prices in the US
have more than doubled over the past year.

As the Company further defines its forward plan for Golden Eagle, the shareholders will be updated."

Golden Eagle progress seems to be moving nicely.