Ann: Morck Well JV Update, page-4

I have had a reasonable read, although it's incomplete at this stage.

On page 4, where it advises on the 6 RC holes done in Q4, it says that it bodes well for the future that the results confirm that the prospective stratigraphic sequence continues to the south west.

This assessment is amplified somewhat on page 6 where the report states that the drilling (both DD and RC I'd say) intersected host sediment horizons in positions approximately to the modelled interpretations, adding that such a finding provided higher confidence in planning and results in the future.

It seems that SFR is liking what it is seeing.

The next steps include at least 2 deep RC holes to the southwest. "At least 2 RC holes are planned to test specific geochemical targets in favourable geology, identified from the aircore drilling programme." All drilled RC and DD holes will be DHEM'd.

There is an air of confidence about it all, imho. Got the elephant's tail?