Ann: Quarterly Report, page-20

R15 et all, best thing for me has been to benchmark our quarterly numbers with any peer and compare market caps. The result could give some insight as to where we are sitting and what is possible with the right news, it also is a good screener for other opportunities which may present when the sector sentiment improves.

Market loves a good story but ultimately imo the cashflow numbers best reflect mgt performance. Whilst I personally prefer coy continues to invest free cash into its projects GGE mgt could realistically consider dividend from profits now or even small share buy back. Even though we would argue SP is low we have fared better than most in the last year despite no drilling activity. Good planning gives best opportunity for higher returns in the long term and to pick up on your song "they'll be time enough for drilling, when the plannings done"

Imo our mgt have performed well and adapted to respond to some obvious headwinds out of their control, this view is supported by the recently reported interim profit advice but as always it is just an opinion.

Cheers