Round of Applause, page-10

Aquadog. There's a bit of trading going on today. I'd say part of it are holders selling some (at a better price) in order to take full advantage of the entitlement offer at 0.076. Armour have got a contracted GSA of minimum 1.8PJ/A for minimum 5 years with APLNG, with capacity in the GSA for up to 3.6PJ. They currently have sales gas of 2.3PJ which they are piping now, with verified 1P reserves of 32PJ, (2P of 57PJ and 3P 158PJ) just in the Kincora assets. They have recently obtained ATP647 (E of Myall Creek field) which by accounts is another Myall Creek/Churchie field. Have a read of the Annual Report too; quite compelling. Good to see some movement today. Well done Armour and congratulations on becoming a gas sales/production company.