conservative calculation using us gas prices, page-5

been at least 2 months since negotiations began, this was from the company's quarterly ann so with recent ann from other parties in that area hopefully even more can be achieved as what we have is described as MASSIVE!!!!!!!!!!!

PEL 570 (AQO 100%)
Ambassador has short listed parties which have submitted non binding offers to farm-in to
Ambassador’s 100% owned permit PEL 570 in the Cooper basin to exploit the significant
unconventional gas potential. Ambassador expects these negotiations to continue in the
current quarter. If successfully concluded the farm-in process has the potential to create
substantial shareholder value.