may be smashed tomorrow...3c, page-22

re: may be a scam? Funny how Mr Gary Hughes missed this article after all it was posted on the website...dated 10/10/05...Plus it the President Mr Yusuf that calls the shorts not the Prime Minister Gedi!!!!

"A BN 8 8 0 0 2 5 2 2 0 0 9
10 October 2005
Manager
Company Announcements Office
Australian Stock Exchange Limited
20 Bridge Street
Sydney, NSW
By E-lodgement
GOVERNMENT SUPPORT FOR PUNTLAND AGREEMENT
In reference to the Company's announcement last Wednesday, 5 October 2005
and following a number of shareholder and media queries in respect of the regulatory
approvals required from relevant Somalian and Puntland government bodies in order for
the Heads of Agreement to take effect, the Company is pleased to advise the following:
the Puntland Government has already provided Consort with in principal
approval for the deal as contemplated by the Heads of Agreement with Range.
Range and Consort are currently procuring the formal mechanical approvals
required under the Puntland Agreement itself but does not see the process as
potentially affecting any of the material terms contemplated by the Heads of
Agreement; and
the Transitional Federal Government of the Republic of Somalia has provided
Consort with written approval with regards to the validity, operation and effect of
the Puntland Agreement subject only to amendments being made to the Contract
of Work to reflect the constitutions of both the Puntland and Transitional Federal
Governments. The Company views these amendments as more mechanical in
nature and does not foresee any major problems in satisfying the regulatory
approvals required as conditions precedent under the Heads of Agreement.
The Company looks forward to updating shareholders as to the progress of the Puntland
project and the satisfaction of the various conditions precedent.
Yours faithfully
PETER LANDAU
Company Secretary"