Ann: Company Presentation , page-3

This bit gave me a giggle, they can't even give us a date when they're going to drill the T pilot well let alone propose a 5 well program.

Proposed Next Phase of Drilling
5 Well Program
• Targeting all prospective formations
• Objectives:
• Further increase in 3P reserves for
Walloon coals
• Demonstrated productive potential
of Kangaroo Creek Sandstones
• Firm up feasibility of local power
generation
• Formation thickness and extent of
gas charging in full section in south
of basin
• Increase earned interest:
• 50% in PEL 457
• 40% in PEL 479
• 40% in PEL 478
Casino Pilot – Kangaroo Creek
Talma Pilot – Kangaroo Creek
Tullymorgan Corehole–Walloon Coals
Grafton Corehole–Walloon Coals
Grafton Strathole– Ipswich/Nymboida Coals