Ann: Quarterly Activities Report, page-2

The metrics of SXA's Serowe project are starting to compare very favourably with TOU, albeit at an earlier stage

SXA: 4,572 sq km for 3.3 TCF prospective resource with upgrade pending, Cap $4m

TOU: 3,800 + 4,500 sq km for 3 TCF contingent gas resource, cap $43m

SXA are confident they have captured regional sweet-spots and have some competitive technological advantages in drilling and completion.

Exciting times ahead

G'luck all