Ann: Gemba-1 Gas exploration well, page-12

I had a go at converting the >15billion cubic feet to BOE and came out with around 4million+ barrels of oil equivalent.

If correct that is quite a decent find given that it is 4 times our current annual production and one years worth of production in a couple of years.

The exciting thing is the follow up exploration potential. If you have look at the map on page 2, Senex has all of the acreage for many kilometres to the north and south but significantly all the acreage to the east, north east and west which conveniently follows the Trough structure.

The find seriously opens up a fourth organic growth option - WSG, Atlas, Cooper Oil and now Cooper Gas.