Ann: PEL 6 Drilling Program , page-2

Gwydir-1 has turned out a little disappointing but the report does say "Encouragingly, it confirms the presence of the Moolayember play across the extent of PEL 6 and provides critical control to locate follow-up wells to target this play in areas where thicker coal development is known to occur." The fact that the secondary target which was Permian Coals possibly Bohena coals are not even mentioned in the report. The report's wording is a bit like holy predicted ... understated and of course it could take > 6 months for analysis of the samples ... so WAY after the OIP/GGX merger meeting. Hmmmmmm ...

H