Ann: Mahalo Block Mira Field Technical Update On Under-reaming, page-7

Thereafter we are looking to achieve an increase in the 2P reserves at Mahalo to three figures from where we sit today at 30PJ. Hitting 100PJ would give us an uplift of 233% on our reserves base - 150PJ would give us a 400% uplift. Hopefully a hole to be sunk in the Galilee Basin once terms finalised with a view to unlocking value there. Two steps - if we nail Mahalo our net asset worth will rise by multiples - if we succeed at Galilee without giving away too much of our 100% interest - the sky is the limit. Watch this space.