Ann: Clarence Morton Gas Discovery Pilot Well Upd, page-15

re: Ann: Clarence Morton Gas Discovery Pilot ... I am confident the approval will be granted as long as
they've ticked all the boxes as requested by the DPI.

However,

I'm not so confident that CnG will get his rocket ship.

1. Talma#1 was drilled back in November '10 and provided
booked reserves as per MHA's analysis, the market knows
this.

2. REF approvals are almost a given as long as the boxes
are ticked, the market knows this.

What the market doesn't know is whether Talma is going to
provide commercially sustainable flows from the Kangaroo
Creek Sandstones.

This is what the market is waiting for and why ROG are
tapping the well. IMO, minimum SP movement until flows are
proven.

Buy on Rumour, Sell on Fact will be evident IMO.

Gaspew ;)