good ann., page-10

Twenty3,

I interpret the announcement as drilling nearing completion outside of reported drills 14, 16 and 21.

In order to define a JORC for the entire SW zone drill results west of NDH11 and NDH02 would be required. Note that NDH11 was abandoned at 200m due to rig problems but signs of coaly material were reported from around 118m. I anticipate that the coal seam thickness will extend west from NDH11 and NDH02 the full length of the license area. Worth noting is that NDH01 returned a coal seam thickness of 102m.

I also recall reading that the exploration target of 200-300mt relates to the full South West target.

Management and the crew on the ground in Mongolia have been extremely impressive and the total resource size of Nurst could potentially be in excess of 600mt.

I believe at this price TVN is a bargain.