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Message: David Pescod Letter

Thanks Hydro,


Very informative. But I do have to say that the comment below does not make me happy. For some reason I thought that Inpex was taking so long because they were already doing the extra testing but that does not seem to be the case. Further, looks like a few more weeks before we get any action. "

Subsequently, Inpex have had delays in drilling, not

weather related, but mechanical in nature and they have

been drilling rather slowly. We believe they are approaching

their primary Albian target having drilled through their

secondary Maastrichtian target and should TD soon.

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