Chairman’s commentMr. Stephen Watts, Chairman of the Board...

Chairman’s comment
Mr. Stephen Watts, Chairman of the Board commented, “This is an important
milestone for the Company in bringing its reserves at the Clear Creek field into the
proved producing category thereby potentially creating significant value for the
shareholders. While I am encouraged by early indications, I look forward to making
further announcements when meaningful and stable production figures are known.
However, a notable milestone for the Company has been achieved which means that,
for the first time, the group will enjoy the revenues which will be generated from gas
production.”