Petroleum News, page-13

Hi Bill - Hope this finds you well

Agree with Spyglass & I guess the other relevance's are OSL have bought in to the area as a producer for a pricey sum, their investor presentation / forward plan gives me an insight as to what the potential future of our investments with 88E could in fact look like within the next 2-5 years. Also indicates to me that if we can match what Armstrong have achieved in proving their recourses, then with the 2.4+bl barrels we have (which I think is 2-3 times larger than Armstrong's) looks very attractive to any prospective producers, and much wealthier oil giants than OSL.

In addition they are my employers so I have a vested interest, it's also exciting to see an Australian O&G major not only venturing but seriously investing into the "oiliest place on earth".