Ann: Latest Company Presentation, page-18

Hi OGP, glad to hear I've contributed to drilling vernacular. Now I belong to the Ages!

As a geo I don't have much to do with Eclipse, but I have built my own well modelling program which allows me to model individual well and full field gas and water rates with pretty good accuracy. For an E&A stage block like this it's well within the margin of reservoir uncertainty and much, much quicker to run than a full-field numerical model. Getting your reservoir inputs realistic and accurate is more important than the program you use at this stage.

Suffice to say I have confidence this block will be economic for a smaller player with low overheads in a high gas price environment, but they'll need to be realistic in their assessment and not over-develop it. A proper appraisal program will show what the block's capable of, which they seem to be pursuing. I'm putting RC's spruiking of the block as a 60TJ project down to salesmanship.