madigan, page-29

Hi kentbrock,

Unfortunately for all the patient shareholders,we struck oil. This has set off a mad scramble by many inside and outside parties to position themselves for a share of the upcoming spoils.

The CEO J Heugh was sacked and immediately instigated a legal challenge, followed by some of the shareholders apparently working with Clive Palmer to try and change the board and re-instate JH. We should have clarity after two Extraordinary meetings to be held in June and July,where votes will be counted.

Unfortunately Madison could be delayed for a little while. The good news however is that CTP is planning further seismic in the not too distant future prior to selecting the best drilling site. This is the well I am also waiting for as it could be a company maker.

In the mean time the interest in KEA held by Rawson (27,200,000 shares) is starting to look very interesting with some good results from the NZ drilling. Testing results of the possible oil discoveries will be available very soon.

Good Luck, Klaas

D.Y.O.R