Ann: Mereenie WM26 Drilling Update, page-17

Agree with psi81 things should look better

• CTP will already have quite a lot of information from tests done to date as part of the drilling process.

• CTP March 2018 Central Petroleum Environmental Management Plan Proposed Well Sites WM-25 & WM-26

https://dpir.nt.gov.au/__data/assets/pdf_file/0005/498011/Central-Environmental-Management-Plan-Hydrocarbon-Exploration-Wells-WM25-WM26-v6.pdf​

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Page 13 "Central Petroleum Limited (CTP) as 50% owner and operator of Operating License 4 (OL4) propose to undertake the drilling of appraisal wells West Mereenie 25 (WM-25) and West Mereenie 26 (WM-26). The wells are proposed for appraisal only and do not involve hydraulic stimulation under this Environmental Management Plan (EMP)."​

• By way of comparison, initial gas flows from the adjacent vertical WM19 well drilled by Santos as part of the MADD (Mereenie Appraisal and Development Drilling) can be seen in the following document to give some idea of the type of information collected during the drilling process.

https://geoscience.nt.gov.au/gemis/ntgsjspui/bitstream/1/86500/1/WM19_Well_Completion_Report.pdf​

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Map showing new CTP WM26 and existing WM19​

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• Considering CTP have spent as I recall at least $2M on modelling at Mereenie I was honestly expecting much more promising flow rates than this from initial DST's

Regards

OGP