Ann: Baragatan-1A Update, page-39

Hi people,

Have a look at this pdf. Hopefully it will help answer some questions raised before.

www.ccop.or.th/epf/philippines/basin_pdf/SW.../Stratigraphy.pdf
I think that we have a good point to raise with management and whether they have a dividend policy with in a capital management policy. Though at this point I think that they have their hands full with current plans with WL investment due in coming months/weeks, baragatan? and Galoc North. It's not until there is a sustained cash flow profile or excess capital that a dividend would be paid, plus not to mention the amount of shares on the market would make payments multiples of 0.1C per share. Plus costs to do this.