quarterly activities, page-16

yatchy,

Reducing to 20% isn't that bad although - I still think that EPR will need to tip-in some cash after this farm-down. Any thoughts on this?

Look forward to the news on the P/50 farminee. The acreage is very prospective with the team at EPR having followed the 'trail of hydrocarbons' out to sea from the on-shore permits. A lot of work has gone into this area of the Otway basin and if it proves right, it will be a company maker for this minnow. Just in case, i topped-up again last week at 4.5c. Took a couple of days though as someone came over the top at 4.7c.

Anyway, things to hot up in this space.

Good-luck to all holders.


Will the farm-in