Ann: Operations Update, page-12

I have topped up twice in the last four weeks, the last time on Friday last, based on some cautious confidence I gained from the successful Pikka-B well.

Whilst the successful Horeshoe 1/1A is only around 4 miles to the west of Winx-1, the fact that Pikka-B is approximately three times that distance from Horeshoe it apparently extends the reservoir much further than the distance between Horeshoe and Winx. Furthermore, Pikka is further east from Horeshoe than Winx. Whilst we can't rely on reservoirs uniformly forming neat boundaries, it hopefully makes the outcome possible. This is just a layman's view with no oil industry experience so very much keeping my fingers crossed and hoping that the risk proves worthwhile.

ANZ