Ann: Vali operations update, page-6

Patience mate, we are doing well and very few will be underwater here now at this price. There will always be profit being taking, that's all part of the game, but we have very little overhead supply so when the time comes where the volume arrives and the market wants in they are going to have to pay up for it. Rome wasnt built in a day and expecting a stock to rip 50% on news that was expected isnt reasonable. Id be disappointed if we hit our oil target and it didnt do a big volume day, but news on vali is only obvious consideirng it must be done to achieve first gas and we arnt far away from that. When you feel frustrated and i do know how you feel, just take a look at the chart and know that we are in a great position technically and fundamentally in comparison to 18 months ago. Shareholders who are long here will have plenty to celebrate in the coming years, management are delivering and the market will see the direction eventually. Until then check your expectations and allow the company to develop, remember we are a young company and imo are doing extremely well thanks to the wealth of experience our management team have acquired at some of Australias largest energy companies and now leading us.