questions for the agm

Here's a few from me and others. Please post any others you have.

1) Where is the Bibbelwindi multi-lateral pilot up to (and why haven't we had an update before now!!).

2) Is all that water good? Please explain what is meant by the laterals drawing on a larger than expected "reservoir". What is the plan for the use of all the water produced? Is the salt an issue? What is the attitude of local farmers and other landholders? Do we have a problem like the proposed Gunnedah Basin coal mines?

2b) Can we be confident that the pump rod failures are in the past? Why? Was the person responsible for acquisition of the failed rods rewarded via the EIP?

3) Where is the Bibbelwindi West tri-lateral pilot up to? What are the timeframes for results.

4) What are the reserves targets for end 2010?

5) When you state that ESG is on track to certify 1,300 PJ 2P reserves by 31/12/09 do you mean that the certification will be announced by that date or that using data to that point reserves will be certified at a later point?

6) Communication has at times been less than transparent. For instance it was 6 weeks from the update on the multi-lateral pilots on 18 June to the Quarterly on 29 July in which we first heard about the pump rod failures. At no time did we hear how long it was expected to take to repair the rods and the wells .. it in fact took 3 months!! That's material!

Nothing was said about the BW West tri-lateral for over 3 months ..even though there had been a problem with a creek crossing of the flow lines. Can you do better? What are the reporting/disclosure requirements for this sort of problem?

7) Progress with the lateral pilots has been slow and yet all executives and board members have received their incentive shares .. including DC who didn't actually meet the criteria, and Edgar even though we had a major delay with the laterals and other operations (like BW West). The multi-lateral pilot was spudded almost 12 months ago!!!!!!!!! Obviously the performance criteria in future need to be more demanding .. just ask shareholders if in doubt!

8) Shareholder value has been slow in coming ... last 2 years. Same share price in June 07, June 08 (higher in fact) and June 09 as now!!!

9) SPP: what was the uptake? Why make the offer when there was no share price trigger to make it attractive?? Was there a second agenda of preventing STO getting above 20% by "creep"?

10) What is needed to take the MOU's to gas sales agreements and when do you anticipate this might happen? Are we close to any other MOU's for gas-fired power stations?

11) Is there a plan to do gas swaps with STO (swapping Narrabri gas into NSW grid for NSW customers for gas that STO can keep in Qld for GLNG? Will STO be providing a market for any of our gas? Do they intend to build and supply gas-fired power stations in NSW?

12) What is the grand plan for development and commercialisation? When will we see the Concept Plan? What are the timeline expectations in terms of getting approvals? Why haven't we seen more progress on the APA pipeline? Is its approval underway as indicated some time ago?

13) We have a good many directors ... why did we need to appoint Chris Sadler, and what expertise has he that made him a good appointment? Is the board generally aware of his past performance at Allomak?? Why was he appointed on the same day that he resigned from Allomak? What are the details of his contract and performance criteria? Has he been appointed to assist with takeover approaches given his background at Gloucester Coal?

14) What does it cost us to have the US OTCQTX ADR listing and what are the benefits?

15) The OIP/GGX proposed merger: Its a dud! Why has the board approved it?? What are the intentions for the remaining CSG equity in the OIP leases .. a further farmin by ESG or a purchase perhaps? DC inferred that ESG "owns" the northern leases (in the HK presentation) ... do we?

What are the benefits of the merger? What about OIP shareholder dilution particularly of our remaining CSG interests? What other opportunities were examined? Why are GGX's assets of value? Shareholders could think that OIP is just bailing out GGX which is running out of funds.. please convince us this is not the case. As one of the few directors able to approve the merger can Edgar please explain its benefits. There are no synergies other than management!??

H