Ann: GGE Acquisition of Boleslaw 1, page-2

GGE has acquired 20.4% of the high impact Boleslaw gas prospect in the Kolo Licence in central Poland with best estimate unrisked Prospective Resources of 87BCF in two target sands.
 The Well spud on 11 December 2016 and is anticipated to take 24 days to drill.
 Planned TD of 1,500m and expected to cost A$2.8 million
 GGE entry cost (includes its share of drilling costs) is contributing to the earning well costs by paying $600,000 on a “ground floor” basis.
 GGE will also have a 20.4% interest in the Kolo Licence which covers 1,150 square kilometres.  Poland provides a ready market for gas at competitive prices.
 Other Partners include Prospex Oil & Gas Plc (PXOG.L:AIM)