Ann: Appendix 3B, page-20

I'm not versed in the FDM story; however, far more acquainted with CVN & here.
Psychology, investor sentiment and general momentum are the key drivers in establishing
a sp.
Correct regarding CVN - spends over a year around the 0.080 level when suddenly a drill
seeking gas and finding an enormous volume of oil sends the sp northward to an intra-day
high of 0.695 only to re-settle at the current level of 0.365 cps.

Anyway, back to 88E, no luck in unlocking the code at IW#2, therefore, the oil reserve
remains in the ground while above ground the sp lingers all the way back to current levels
0.021 - 0.022 and investor psychology, sentiment, confidence and momentum all suffer, until
of course, we reach 2019 and the beginning of our new drilling campaign where I see no reason
why we cannot restore sentiment and momentum once again. A very different drill technique to IW#2.

2019, we still require the right volumetrics, porosity, permeability, hydrocarbons and on and on...
These are the risks but the rewards are potentially life changing for some investors.

In the hands of DW and his competent team to execute the drill campaign in the best possible
way to build sp value and restore confidence once again in the broader investor market.
It's not beyond him... far from it.