Ann: Indus to proceed with New Era transaction, page-10

Thanks for your prediction which I think is going to be at the wrong end of the predictions continuum I'm afraid. If you want to revise your assessment go and have a look at the level of success that Beach Energy has in the Cooper/Eromanaga basin. From memory i think the success rate on drilling is about 80% which is very, very good.
You need to realize that the managing director at New Era is a former manager at Beach Energy from 2002 to 2015. So very knowledgeable about Beach and very familiar with the assets in the Cooper basin.

I would probably agree with you on one minor point. I, and a number of others , think it is quite likely that Indus will have another name change to indicate that it has changed its spots.