ann, page-5

re: ann amended …/2
27th July 2006
Australian Stock Exchange Limited

Highlights for the Quarter
§ During the quarter crude oil production from the Seram (Non-Bula) Block
PSC was 446,270 barrels of crude oil (compared to 336,035 barrels of
crude oil for the previous quarter) at a daily average of 4,904 barrels of
crude oil per day.
§ For the month of June 2006, crude oil production was 178,278 barrels of
crude oil at an average daily rate of 4,904 barrels per day,
demonstrating the effect of production from the Oseil-11 well, which
came on line on June 12th 2006


§ For the month of June 2006, 178,278 barrels of
crude oil at an average daily rate of 5,943 barrels per day,

thought it strange as their new website's home page stated a flow of over 5000 BOPD