Ann: Results of Meeting, page-4

I think that a very positive announcement over and above the JV will put paid to short selling and day trading in this price range. I cannot believe that the SP is where it is in view of assets, sales income and huge potential in the north. No one appears to be taking into account the high volume discovery gas wells in newly discovered fields simply waiting for development money and the connection pipeline already built. Company debt is easily payable and Uganda remains unbelieved by the market. The question arises , "is big money keeping the price low to accumulate?" and my answer would be "yes' because unless someone is in dire financial straits they wouldn't be stupid enough to sell at these prices (and especially at cum rights) ...………..or would they??