Ann: Woodside Enters Into Exclusive Option on Namibia PEL 87, page-179

Tell me that you are fairly new to investing Freestar, you are? I doubt very much that what you say there carries much weight. Look, business is business. Every company negotiates for the best deal that they can possibly achieve. Both Pancontinental and Woodside are no exception there either. Directors of any company would soon be given The Royal Order of the Boot if they failed to do so, if they failed to negotiate the best possible deal for themselves, believe me.

As it happens, Pancontinental achieved a better deal here than many or even all posters dared to dream. Well done management. Woodside would be happy to have this chance at a monster field for what to them is a mere pittance. I believe that both companies would be content with their deal and that both sets of shareholders will be grinning from ear to ear should the 3D results unveil the monster fields that one can only dream about.

Good fortune lads. The long wait is over and it's all go from here.