Ann: Commencement of Pel 514 Drilling Program at Cooper Basin, SA, page-3

Look Senex are meant to have a good record with these types of wells, something like a 66% strike rate, my only concern right now is that at least 1 if not both of these well locations aren't shown as being "prospects" as late as the July 17th presentation. In fact this part of PEL514 had very few targets from Senex's bank of 450. See Dec 2013 presentation

My worry is that they have to drill to meet the work commitment and that these are the best of a bad bunch, hope I'm wrong but would have preferred them to be drilling the targets shown in the presentations.

Maybe we'll get better diagrams from PGS soon regarding the "2 prospects"

LOTM