News: COI Comet Ridge Says Mahalo Acquisition Agreement With APLNG Is Now Unconditional, page-20

Hey Blade,

Have to disagree with you on this one. I think you will find Galilee cost COI nothing - Vintage paid for the drilling for conventional gas and in return for 30% of the block. I would assume it's a duster for the moment. We still have any CSG in Galilee 100% owned.

Pulling off a deal to get Origin out was a stroke of genius - at least it can now move forward. I believe that among other things they began in the North because it was obvious there is a load of gas there. And I'm glad they started when they did otherwise we would only now have got the whole Origin deal signed off and nothing else would have happened, as these larger groups tend to take forever to sign off on deals.

I believe we are in very good hands with management and the party is just now (finally - I agree) getting started.

Have a great weekend.

Pete