Ann: Operational, Production and Corporate Update, page-35

Now AJQ are producing will be a good incentive for Govt. funding. The tenements held are quality and large in area. We still need further explorations to be undertaken to ensure a reliable source of supply. The Jemima gas connector is progressing, but we still require NT backing for our NT tenements. Management have excelled to this point with meeting deadlines and bringing Kincora online. IMO, AJQ is on the brink of becoming a medium sized producer and supplier of gas, gas storage and gas transport through their network. GLTA.