re: ** building up for solid day perhaps. So far this is what i...

re: ** building up for solid day perhaps. So far this is what i have Ian

YELLOWBANK CREEK #4IN OCTOBER,
LONGREACH BECAME INVOLVED IN DRILLING OPERATIONS, THROUGHBRISBANE PETROLEUM N L, IN WHICH OUR SHAREHOLDING WAS RECENTLY INCREASED TO22%.

THE WELL WAS DRILLED BY ENTERPRISE ENERGY N L IN P.L. 18 IN THE SURAT BASIN,QUEENSLAND, ON A FARM-IN WITH BRISBANE PETROLEUM N L, WHICH HAS 50% OF THATAREA. TESTING OF THE WELL INDICATED A 6 METER OIL BEARING SAND IN THESHOWGROUNDS FORMATION.

A WORKOVER RIG IS SCHEDULED TO BEGIN COMPLETING THE WELL FOR PRODUCTION SHORTLY