quarterly report

Hi all,

After stumping up the funds to participate in the recent SPP and then seeing our company trading at almost 20% discount subsequent to this, leaves me feeling pretty frustrated, along with most on here no doubt.

I expect an update on AT LEAST the following in next week's report:

U9 - this just completely dropped off the radar with no explanation whatsoever. Please explain.

Rafa flow test - this has gone from "at advanced stage" and ready to commit to CTU this qtr, to technical misalignment with Origin. Please explain.

Rafa follow up seismic - this has also gone from "at advanced stage" to possibly sometime next year, due to Origin approvals. BME currently have Terrex on the ground and it would surely make sense for us to mobilise the contractor at the same time whilst they are up there. Please explain.

Commercialisation of Rafa - targeting completion of concept select phase by end of year. Please update on progress. Must be pretty hard to progress based on current flow rates, hence we need to get back on site and re test Rafa as a matter of priority. This is the only thing that will resurrect the share price.

CEO appointment- no later than 1 September so expect commencement next month.

Given the current sentiment around fossil fuels, we seriously need to fast track this project to avoid it becoming a stranded asset, as others are already alluding to (which would explain the current share price). The documentation surrounding the SPP indicated this would be fast tracked and there would be a fluster of activities over the next 6 months. We need to see this and would like an update on this next week!.

cheers