Ann: Clarification Regarding Option Waiver , page-10

Hi HillbillY1

In the past we have made money and lost money and firmly believe that if you can?t handle the pace then don?t play the game. However, there is an exception to every rule and because the cease of drilling operations were not created by man... it was in fact a result from 2 Natural Disasters that occurred in the Cooper Basin.

The unfortunate events in the Cooper Basin have felt the grunt of Mother Nature?s wrath. Water over drill fields, ceased drilling operations & financial market inadequacies are all factors to take into consideration that may have affected the share price.


Although we have found no like for like examples listed on the Register of the ASX Listing Rule Waivers, the ASX takes into consideration the individual circumstances of each application, and as a Member of the Company we have the right to try!

If you are a Member of the Company and have received the Proposed Resolution in the mail and don?t want to sign, that is your right!