Ann: Oilbarrel Conference Presentation , page-6

Mmmmmm Vitol payed $50US million for something that was worth A$150.8 million according to the accountants! Oh well if they cover their 65% from here on I will forgive them. If thats the case I think we will be covered from here on in, the $50 US million covers our 25% stake of the forecast CAPEX at least. Fair price is now approx 10c according to my quick calculation, if u add the total assets + 50US million from Vitol and divide it by the shares on issue. The recoverable costs in the MOU was a nice surprise, but it will take 5 years for investors to realise that. Hopefully this will rocket up when the Vitol deal is clenched.