line wiping, page-17

Drilling and 2D seismic are within a few months, not 12 mths away.

Hi John yes me and you both and why not. I took a sizeable position this morning on top of what I had. Now I sit and wait.

Your information on PDI-P last night kept me awake thinking for a while. Then it was clear I had to take a position soon or pay much higher.

Opportunity knocks but once, sometimes I spend far too much time researching before doing what I did this morning. Not this time.

The expat buying you mentioned is fact and is not just me either now. The market erroneously still judges QPN on what was, ignoring the fact so much has changed from new management and new project being Ranau PSC. When they wake up it will be interesting. Industry people here in Indonesia can see what is potentially going to happen and interest is building.

Gus obviously had the attention of NYC investors following a US roadshow. It will be good when he does the same in Aus.