Ann: Investor Update , page-7

I was at the AGM and asked about the cost of cyrene and I was told not more than $500,000 to key,so in my opinion it is very little for the potential result.

The waugh-1 well Kane said to me that they were not comfortable with the 50%.But why? I did not follow up, but I assume that it is to do with their budget.

I dont think there is a capital raising on the near horizo,unless a good result in either well drives one

I think there is quite a lot of activity going on behind the scenes in relation to Point Torment/Stokes Bay and the election perhaps of further Buru participation in West Kora,Key still has 49%.There are potential conventional gas resources in the area and Buru is, Ithink very interested in these as they have the further extension of the Alcoa contract for 2 years.Burus unconventional discoveries take longer to develop