Ann: June Quarterly Report, page-3

Mark said he would put more emphasis into pointing out the company positives in this quarterly - I am really happy to see they were included in a simple and strait-forward format.

I think the report is fantastic - potential for some very significant upside if and when the yellow fin project gets proven. Desiree continues to perform, - Mark struck a great deal on the extra working interest as noted in the report. Obviously O&G is out of favour at the moment, but at a 4.5 mill market cap based on the number of positives GGE is a set for a decent rerate at some stage in the future.

GGE have never been one to throw around big numbers to inflate interest - so to see Mark highlighting the significant upside in the Yellowfin project is also welcome from my perspective.

Now we just need to wait for some of the interest in the project to turn into a JV of farm out agreement

Cash on hand for me is not an issue, cash was spent during the quarter to settle additional working interest in Desiree - no cap raises in 5 years and 1.8 million in receivables due which should get us back over 2 mill plus for the next report.

Come to think about it - this is the best report I have seen from these guys since I initially invested - all my opinion of course.

Noof