Ann: Response to ASX Aware letter, page-11

Its not out of the question that the bidder might increase their bid,if the bid was somehow blocked.There might be a cent or more in it.I say only a cent as the bidder is obviously here for a cheap buy..the Galoc field is providing about $26m of cash flow net of the operating costs per quarter now,so the Galoc field will pay for the acquisition cost of $100m in a years time.Not to mention how hard it is to obtain so many exploration permits in an area that already has large producing wells.There might be hope yet.