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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: Steelguy who wrote (5634)	10/11/1999 8:04:00 AM
From: Check	Read Replies (1) \| Respond to of 15703

Hi Steelguy, My little XEN is not worried. It inched up another penny to 29 today. Now, didn't I tell you guys that it's thin and ask you to take it easy on it? They almost got a speeding ticket. <ggg> HOMEX - Sydney ------------------------- Response to ASX Query re:Share Price RESPONSE TO ASX QUERY Further to your facsimile transmission dated 7 October 1999, we hereby advise that the company endeavours, at all times, to keep the market fully informed with regard to relevant information. In direct response to your correspondence we advise as follows; * There are no matters of importance that have not been announced, * We are not aware of any specific information, not released to the market, that may be responsible for recent trading in the company's securities, * The factors we believe may have generated interest in the company are; a) Very positive results, as reported, for the year ending 30 June 1999. b) Growing international interest in Xenolith's indirect exposure to the East Lost Hills gas play. c) increasing reference to Xenolith on North American chat lines. * We confirm that Xenolith is in compliance with ASX listing rules and, in particular, listing rule 3.1. Should you require further assistance please do not hesitate to contact the undersigned. G D Robinson DIRECTOR ASX QUERY Australian Stock Exchange Limited ("ASX") has noted a change in the price of the Company's securities from $0.20 on 5 October 1999 to $0.28 today. We regard timely disclosure of relevant information as of prime importance in the operation of an efficient market. Listing rule 3.1 is a particularly important listing rule. It is part of ASX's continuous disclosure regime and is based on the following principle: Timely disclosure must be made of information which may affect security values or influence investment decisions, and information in which security holders, investors and ASX have a legitimate interest. In the absence of any information which explains the price change referred to above, we wish to make the following enquiries: 1. Are any matters of importance concerning the Company about to be announced to securityholders and/or the market? If so, can an announcement be made immediately? 2. Is the Company aware of any information concerning it which, had it been available to the market, might reasonably be regarded as an explanation for recent trading in the securities of the Company? 3. Is the Company able to offer any other explanation for the price change in the securities of the Company? 4. Can the Company confirm to ASX that it is in compliance with the listing rules and, in particular, listing rule 3.1? The queries set out above cover matters of current specific interest to us. However, we cannot be aware of all the information which would be required to ensure that the market is properly informed in accordance with listing rule 3.1. Accordingly, we would emphasise that your responsibility under that listing rule is not confined to, or necessarily satisfied by, answering the specific: requests set out in this letter. If the information requested is information required to be released pursuant to listing rule 3.1 your obligation is to disclose the information immediately. Otherwise, your co-operation in lodging a reply in a format suitable for release to the market is required as soon as possible and, in any event, not later than half an hour prior to the commencement of trading (ie prior to 9.30 am EST) on Friday 8 October 1999. Your response should be sent directly to me on facsimile number (02) 9241-7620. It should not be sent to the Company Announcements Office. If you are unable to respond by that time you may wish to request a trading halt in the Company's securities. As set out in listing rule 17.1 and the "Trading Halts" Guidance Note we may grant a trading halt at your request. We may require the request to be in writing. We are not required to act on your request. You must tell us each of the following: * The reasons for the trading halt. * How long you want the trading halt to last. * The event you expect to happen chat will end the trading halt. * That you are not aware of any reason why the trading halt should not be granted. * Any other information necessary to inform the market about the trading halt, or that we ask for. The trading halt cannot extend past the commencement of normal trading on the second day after the day on which it is granted. If a trading halt is requested and granted and you are still unable to reply to this enquiry prior to the commencement of trading, suspension from quotation would normally be imposed by us from the commencement of trading if not previously requested by you. If you have any queries regarding any of the above, please let me know. P Hart SENIOR LISTINGS OFFICER