Ann: Update on Surprise Costs and Funding , page-2

No money buy the time the end of second quarter so CAPITAL RAISING FOR 12-14 MILLION COMMITMENT JV

Company has the financial flexibility to commence and importantly
complete the Project without relying on external funding through a farm out.

The Company will keep the market informed on the process of the minority interest farm out over the
quarter.

[ Says don't need to farm out but will keep informed on minority interest ????????]
With nearly $15 million cash in hand at the end of September 2013, we anticipate the
Surprise Project expenditure to reflect the following forecast:
1) calendar Q4 2013: spend $3 million to complete Surprise West,
2) calendar Q1 2014: an expected revenue of $0.6 million from Surprise West, and an
expenditure of $3 million to commence drilling Surprise East, and
3) calendar Q2 2014: expected revenue of $3.3 million from Surprise West and Surprise
East, to contribute towards the balance of costs to complete Surprise East ($5
million

It was obvious that it would be a eye opener for you RC

To the ppl who keep a keen eye on prceding's MMMmmmmmmm.