We refer to the above and present below key financial results for the company for the six months ended December 31 2006 in conformity with the South Pacific Stock Exchange listing requirement.

Summarized Profit & Loss Statement Six Months Ended December 31 2006:

	6 Months Ended December 2006($)	6 Months Ended December 2005($)
Total Revenue	4,731,727	2,607,226
Other Income	126,531	376,341
Profit Before Tax	2,630,629	2,630,629
Provision for Tax	NIL	NIL
Profit After Tax	2,630,629	1,713,894
Extraordinary Items	NIL	NIL

Summarized Balance Sheet Six Months Ended December 31 2006:

	6 Months Ended December 2006($)	6 Months Ended December 2005($)
Issued Share Capital	30,464,650	30,464,650
Reserves	10,000,000	10,000,000
Revenue Reserves	17,041,823	16,375,459
Total Shareholders Funds	130,240,418	96,425,469
Non Current Liabilities	NIL	5,000,000
Non Current Assets	140,308,008	106,292,870
Current Assets	16,514,168	1,981,855
Current Liabilities	26,581,758	6,849,256

The above figures are provisional and subject to audit.