Ann: Update on Westside Bid, page-3

Large portions,

We are basically in the same boat, my average entry price around 20c and I have also added to my holdings in the last few trading days.

Westside have been very opportunistic with their bid for AJQ and our management team are doing a good job of continuing to add value to our company whilst resisting the bid from Westside.

It will be interesting to see what number of shares Westside end up holding in AJQ after the offer period closes as I do not see value in their offer.

Westside want to pay 12c a share for the whole company..... the end.

On the other hand, AEP is prepared to pay 20c a share for a 10% shareholding in AJQ and then commit to spending in excess of $130 million developing our tenements.

The one thing that I am grateful to Westside for is bringing attention to AJQ and alerting more people to the amazing potential that our company has.