Ann: Corporate Update, page-75

Phantom and fellow believers. Goldy recently received a verbal "way ahead" update on Cartarpo & Maslins and I presumed that "by now" we would have seen some real action on both. My personal belief is that "Burra" has the goods "in a big, big way" and I further believe several other Co's wish they owned our "strip". I also understand that  Ausmex holds about 90% of the "hot land" and we about 10% but our piece is IMO "vital" to future / further development so lets wait and see. IMO "Cartarpo" therefore stands as a possible "game changer" for all IVR holders. I personally also love "Maslins" to bits and another who knows the story "backwards", but not "currently" associated with IVR also shares my view. I presume the current delay in drilling is related to the final selection and confirmation "of the J/V party".  It's all just IMO a matter of time, but if things "pan out" as I expect  (in the next few months) all IVR holders should be well rewarded. Goldy may soon have more "egg on my face"  but my faith in Andrew, (to deliver on both C & M) is unshakable.