energy report, page-19

all options in profit now
can be exercise anytime


Date options granted
Expiry date
Issue price of shares $
Number of option
12.6.2007
11.6.2010
1.00
500,000

12.6.2007
21.12.2008
1.00
75,000

1.7.2007
11.4.2012
1.00
5,000,000

1.11.2007
1.11.2010
1.00
300,000

2.11.2007
7.8.2010
0.80
1,000,000

10.12.2007
9.12.2010
1.05
75,000

30.4.2008
30.4.2011
1.25
1,000,000
Total
7,950,000

The model inputs for options granted during the year ended 30 June 2008 included:
(a) options are granted for no consideration
(b) exercise price: $1.00
(c) grant date: 01 November 2007.
(d) expiry date: 01 November 2010.
(e) share price at grant date: $0.934
(f) expected price volatility of the company�fs shares: 75%
(g) expected dividend yield: 0%

The model inputs for options granted during the year ended 30 June 2008 included:
(a) options are granted for no consideration
(b) exercise price: $1.258
(c) grant date: 30 April 2008.
(d) expiry date: 30 April 2011.
(e) share price at grant date: $1.04
(f) expected price volatility of the company�fs shares: 75%
(g) expected dividend yield: 0%
(h) risk�]free interest rate: 5.12%