top 10 shareholders

Makes for encouraging reading:

Shareholder's Name Units %

Mining Investments Limited 203,904,859 12.65
Middle East Petroleum Services 124,492,125 7.72
Pitt Street Absolute Return Fund 60,918,592 3.88
Bejjal Super Fund 58,500,000 3.63
Citicorp Nominees Pty Limited 49,659,668 3.08
Panther Petroleum Limited 46,875,000 2.91
Dentost Pty Ltd 37,500,000 2.33
HSBC Custody Nominees Ltd 28,856,001 1.79
Alimond Pty Ltd 28,000,000 1.74
Nova Vita Pty Ltd 25,000,000 1.55

Note - Middle East Petroleum Services, one of the fastest growing suppliers and financiers to the oil and gas industry in that region.

- Panther Petroleum, a Texan based exploration company

- HSBC

- Citigroup

- Mining Investments Limited, basically a share trading company headed by the multi-millionaire, if somewhat shady, daytrader John Khouri, whose shareprice pumps of microcap resource and biotech companies make La Jolla look like amateurs.

Having M.I.L. as the largest shareholder may put off a few long-term investors but it bodes well for daytrading profits.

50-100% profit over a few days is quite achievable once they see a sniff of volume momentum to push.