relisting and share purchase plan announced, page-24

Read petrohawks latest August presentation.Some very interesting facts about their acceleration plans for the main shale plays.

Note in the eagle ford shale they now have 210000 net acres,they are planning to have 6 rig operating in this area up from 3 before end 2009.

They also now expect 29 wells to be drilled by end 2009,up from 21 previously.They also anticipate 66miles of pipeline to be in service by year end.

Also note that the avg cost of lease in the Haynesville shale is now $5000 an acre.

I believe Petrohawk are also raising several millions of dollars in new capital to fund core shale plays.

So you can see how important it is for Antares to increase their land position Now.

Many people out there may be disillusioned by the fact that Antares appear not to be spending their capital drilling and completing (testing) wells in a timely fashion.

If we had to pay $5000 an acre for land,How much would we be able to accrue?Not much.

So the plan is to get a large land position while prices are still affordable.

Let petrohawk drill as many wells as they wish on the joint venture land.

Create a credible reserve position,then raise funds through debt to accelerate the drilling programe.

A large resource position dramaticly increases the value of the company to shareholders and pursuers alike.

All the best.