Ann: Operational Update - Myall Creek Well 4A, page-9

Orion, I still see the Kincora Purchase at $10,000,000- a few years back from Origin as a Bargain Basement price with sales gas included in the deal, let alone the infrastructure at a replacement cost of about $275,000,000- suggested, maybe even more now??. So now we have:- sales (oil and gas), further drilling, granted tenements, Federal Grant funding and our market cap remains low at 46.47 Million. IMO, surely our market cap should be around 150-200 million or about 3-4 times for assets only. I am no advisor but surely a company making money (as we now are) should be trading at multiples of the current SP, but the market does not agree atm. As posted previously I would love to see a dividend but this may or may not come over the next 2-3 years. We will have more of an idea after this latest quarter is announced when income and cash flow forecast is presented, bearing in mind most ASX companies trade at a P/E of around 14. Following on from the MC4 flow rates, change of sentiment to BUY. GLTA.