better than jonah gas field in the us, page-5

"Where exactly is the drill planned?"

On land near Bentley, NE of Casino and about 9kms from Kingfisher at the end of the runway.

Land access is already agreed upon and back-up is in place if there are to be site adjustments after final seismic which has been delayed by the recent rain.

PH stumbled at both presentations on exactly when drilling would commence. He started to say in the middle of the year and then corrected himself by saying the second half of the year.

This is probably due to delays caused by the above mentioned rain (the seismic crew was moved to Tasmania).

They are still hoping for July as far as I know. Drilling will take about 30 days.

PH said at the AGM in November that if they find what they hope to find it would be a company maker in itself.

There should be no govt opposition so personally, I am topping up right now being reminded of Mr Warren Buffett's: "Be greedy when others are fearful".



hs