Ann: Quarterly Activities and Cash Flow Reports, page-18

Kat,
an reply from management in relation to your statement.


""thanks for the statement from the local Cebu resident. I think the statement regarding “any hint of oil there in any worthwhile quantity and pressure that local oil companies would of already drilled it” is without substance. It is always easier to knock something than to create something of value."


Management is working hard to achieve success here and they have invested and are still investing
their own money into GGX. Doesnt mean it will be successful but means they will give it their all
to make the company a success. Unlike directors in some other companies I own.


Rony