Ann: Notice of General Meeting/Proxy Form, page-7

As per EGM notice some support from existing share holders who are averaging down.

These people are very large shareholders and good to see OBL listening to shareholders and keeping up with the times by taking pay cuts. Getting paid in shares gets them more aligned with shareholders and give more incentive to create value.

OBL are presenting on Sunday 17th of May in Melbourne APPEA (PESA) for potential farm outs/cornerstone.

I believe OBL and REY are having friendly confidential discussions as per quarterly. Hopefully, a settlement on back costs etc and a workable joint venture is not too far away. This will hopefully boost the share price.

Any agreed work program and agreed ownership structure is good for the share price. There is a small chance REY might walk away. If they do, OBL will probably do a deal with BOPL and end up with 100%, which might be a good thing. I think REY will make it work and give some concessions to OBL because they know they are picking up a great asset very cheap.