The 20 largest option (12c, 31 March 2006) holders hold 19 mil of the 33 mil opts. The exercise of these is worth $3.9 mil to EBR. Which rabbit are they going to pull out of the hat to get the options over the line. 5 more Cooper wells to come soonish with a little success at Emily. Cultana gold/copper/uranium could be drilled or still some interest in Bass Straight. A few other projects like Uley graphite mine or the new PNG project?????