read this and ignore s12 to feel better, page-6

Hi Neil,

just a factual correction - Leadville is thinner than first anticipated. The original geological prognosis filed with Utah government in July 2005 stated:

Leadville depth 13300' - thickness 1100'

A later announcement to ASX in June 06 :
Leadville depth 13650' - thickness 821'

It turned out to be:

Leadville depth 15573' - thickness 795

So Leadville was in fact deeper and thinner than first anticipated.

For Barker Creek:
The total reservoir thickness for the 3Tcf estimate was 1074' (319m) in the June ASX disclosure.
The Barker Creek reservoir thickness estimate was 410' (122m).

Currently the stated reservoir thickness at Barker Creek is 38' (11.5m).

Porosities:
Originally projected to be between 6-8%, but not heard much from the company about this.

The first part of the 12 October 'quote' from Neville Henry who was requoted in the recent report said:

"In fact I think with any significant porosity this well might produce significant gas."

Did the porosities come in at the 6-8% mark? - I can't find the ASX report which mentioned it right now.


Joel