options, page-6

Well Charl, as a long term holder of OEX , I am I suppose, like a lot of other LT holders, sitting
"quietly" and awaiting the all important commencement of frac operations. Its been a long 3 year wait
to get to this point, and in all fairness RM has basically delivered what he set out to do when appointed
as Boss. His timelines have been fairly consistent and he has delivered well informed Anns when appropriate.
I could have done without the cap rasings on the way {particularly the 7c one} and the recent delay in
commencement of fraccing, although if an ann comes soon signalling the start of Ops it will only be by 2-3 weeks
delay overall. I like the way they have approached this well, maybe slow for some and Me too I must admit but
they appear to have approached it in the most professional and SAFE method to ensure the maximum chance
of success and to actually deliver a flow test. Having Schlumberger on board certainly helps as well.

I also like the way the SP has held up since the delay in fraccing was announced. Hovered around the 12-13.5c level, 1.5c off its high over that period. Looks as if its just under 14c LSE as we speak, a gradual rise over the last
3 days or so. An announcement cannot be too far off-Im tipping Tuesday {or Monday on the LSE}. Having Magna
not only holding but adding to their recent conversion of cash for shares bodes well at least until a flow test is initiated. I remain convinced that they will make a bid for OEX if the flow test is commercial, so safe hands for
one of our substantial holders.

Await fraccing announcement. Getting close to the pointy end now fellow holders.

Good Luck.