gm, page-3

BPAA, I doubt we'll see project announcements in the short term. PV as we know is held up with some environmental requirements, Glau is still likely to be in process so not at the point of comment, Paloma will be subject to confidentiality agreements assuming negotiations have got that far, the NSA water well is not yet operational so nothing on this just yet and Vietnam seems to be progressing well but is still some time off.

Hopefully the steaming process at NSA will show a result soon but again its effect will require completion of operations at the new water well.