Why would you sell now anyway? Drilling to start soon.Almost all...

Why would you sell now anyway? Drilling to start soon.

Almost all potentially
commercial fields were
recognised pre-drill via DHI

% Commercial with DHI
(pre-drill) 93%

Summary:
Drilling operations to test the validity of the large prospects
identified from 2D and 3D surveys within WA-362-P and WA-363-P
to commence in late January 2011.
Two wells to be drilled, Gawain-1 in WA-362-P and Galahad-1 in
WA-363-P
Each well is targeting Triassic aged reservoirs in the Mungaroo
Formation. Each structure has stacked reservoir plays.
The potential resource size targeted by each well is substantial.