good news just keep coming, page-7

150K from the Perlibies for COE, and approx 250-300K from Butlers.
400K addition to reserves, started fin year with 1.4, have produced approx 350K so should go into next year with approx 1.3-1.4 million with no further success and adding no increase in reserve from worrior that STU have already booked and Callwonga 5and 6. Cash per share of approx 33-34 by year end and . Reserve value based on NPV of 30per barrel and we have approx 14 cents of reseerve.

Therefore copper base value with no exploration upside is approx 48 cents, 2.5 cents below current SP. Another find and we will move base value to 50cents. Reserves plus cash have never been this high even when they had less shares on issue.

Tazeraka redevelopment out within 1-2 months and Fuschia ann should be soon. Wouldont be suprised if we have an ann to drill the other 3 wells in PEL92.

Cooper is doing well overall