Ann: Risco increased Offer, page-19

Spoke with Damon this arvo (after i sent an email). I questioned them on an market update regarding the july and Aug uplift and the effect on the balance sheet. I said we need more information that projects the future value of our field. He agreed to update the market tomorrow on the uplifts. Also questioned the franking credit advice in their last "reject the offer" but now it is not factored into the "accept the offer". Suggested the difference a dividend would make with forward projects. He said we have some decommissioning obligation so we cant drain the funds. He did state in negotiations they tried to factor something in with Risco... no details given... Im still we see a div sometime, solong as we dont cave in to Risco