Ann: Quarterly Cashflow Report, page-6

Orion123, as Sems says, there's really no particular logic to our current SP. Quite a few of the more junior companies are still being considered as remaining junior. Armour are striving to move out of the exploration phase and into production, but it's still early. We've been cash flow positive for the first time over the last 2 months. Concentrating only on the Kincora Gas Project (forget the rest for the moment) we have 57 pj of 2P reserves. As per the recent presentation, at 20TJ/d, that will last just under 8 years. We need to increase our proven reserves. Armour are in the process of doing just that. We are looking at 3D seismic over our current and new tenements in the near future, we are increasing our holding via Qld Govt allocation, and we are currently supplying fully into our one and only GSA. So, another GSA or 2, the 3D, and more transfer from contingent to reserve should prove to the larger investors that we are here for the long term. Of course, to my thinking there's also the healthy thought that we are being held to a pretty tight VWAP for other reasons!