Ann: Commencement of Pel 514 Drilling Program at Cooper Basin, SA, page-8

Fastcar, those are the 2 prospects that I was expecting to be drilled.

Problem I have is that the 2 ASX diagram's today have the Hathi prospect, much further East than that. (if you look at the down line where the top section of the licence is and follow it down and extend it on your diagram (Senex one) one third of the prospect lies to the west of that line. Look at todays diagrams and there circle goes no where near that line. It actually shows the right hand edge of there circle being in line with the bottom 90 degree line in diagram one & slightly more westerly in diagram two. The other is virtually touching the top of the boundary, todays diagrams hardly show that.

Now it could be that they are badly drawn circles by some highly paid director not doing there job properly, or who couldn't be bothered to just use the Senex image of the block and name the prospects accordingly. So that everything was nice and clear instead of making things as clear as mud is.

I was tempted this morning to buy in ahead of the drilling starting, but there is no way I was doing so when the facts don't yet match up.

PEL514 only has 3 prospects on it within that 3D area, so Senex didn't have that much choice to be honest did they?

I may buy in, if the facts tie up, because of the primary formation they are targeting.

I prefer OGY.s, PEL110 because it has 7 prospects and Senex are going to drill 2 of them, not by a work commitment but through choice, so I feel more confident about the possibilities of success there.

I wish you all good luck & may eventually join you.

LOTM