Ann: Company Update , page-6

Wasa,
The fact that GOP is delisted will have no impact on this project (St Griede) at all.
From my discussions with other investor groups seeking exposure to energy, a high value is attached to targets with a range of characteristics which both this and the Canning Basin have, being:

Proven existence of hydrocarbons in the region
Political stability
Ease of access

For this reason, I am very optimistic about the prospects of these two projects which remain in the very early stage.

Whilst the Philipinnes may not tick all these boxes, the original premise of reopening old wells which had gas shows when gas was not economic is a great base from which to start.

Also, the target market for the gas that is expected from these wells is right next door to the wells.

The Directors are experienced and credible with a proven track record that you will all be aware of.

With a little success and support from the market, I believe this stock could return to its highs of $0.30 and possibly a lot higher once the other projects gain traction.

It has a very favourable risk / return ratio.

Good night and good luck!