Ann: Half-Year Financial Report - 30 June 2018, page-25

Some observations i see which can be turned into questions are:

- it seems a cash conservation is the strategy being adopted. This is great however, we need to be a cash generating machine with a slightly more aggresive approach, i mean we are a micro cap so need to be chasing growth... Upgrading pumps, drilling etc shoukd be happening ALL the time. Why is this not happening?

- if the sucker pumps keep failing and the electric submersible pumps are much better, are we replacing all the pumps? If not, why not.

- why arent both holes being drilled in December quarter? I read recent announcements that Bunian will be drilled followed by Tangai. I want to see a bit more of an aggressive style drill campaign... particulary if it takes 6-9months to get a bloody drill in the ground.

- acquisition guy was hired a while ago... whats happening in this space? Why havent any acqusitions happened? Does the strategy need to change?

- we own 55% of the field, why not acquire the remaining 45% of the field... strategically, i would do this before drilling so they dont have to pay more for a higher producing field. It seems like a quick acquisition win?

- if drilling is sucessful what is the estimated flow and estimated BOPD likely? They stated a successful drill will add 893,000 barrels, but how many barrels per day?


... off the top of my head.