Ann: Red Gully-1 Well Update, page-12

Hi Doc,

We've had no redirection from our new CEO. I know you had conversations with Ken and to no avail, have you had a meeting with our new man? or is that worthwhile?

Not only is there no news (assume bad) from RGN, our only good well is also in bad shape. What changes can a CEO implement? he's still governed by the board and if he's not technical, then there'll be even more consultants involved than with the Ken era.

Meanwhile with "the defibulator is daily zapping us atm so we maintain a pulse", I hope we don't have
a flat battery!

KKW