◆ GBP are spudding a well in Uganda's on the 12th Feb which...

◆ GBP are spudding a well in Uganda's on the 12th Feb which boasts 100M barrel potential

◆ Upon success GBP's share of Avivi-1 will earn them 25M Barrel- on an ultra conservative basis at US$5/barrel that would be worth approx $AU139M to GBP

◆ Considering GBP's current cash position and producing assets in the USA after success at Avivi-1 IMO they could easily be worth over $1ps?

◆ Importantly, since the beginning of 2006, there have been 27 wells drilled in the Albert Basin, with 26 of these wells encountering hydrocarbons

◆ GBP after paying for their share of drilling Avivi-1 will have cash backing of approx. 13cps

JB