Nanushuk v Torok, page-7

JH888,

My thoughts, and they are by no means qualified, are that while there is time in the project they will extensively log all zones. Better to do it all now, information is power. Cores, mini frac etc will probably be done regardless of whether we intend to target that zone. Hence the 10 days.

Torok has the multiple targets as identified but I feel it is not the right time for us to explore them. We have limited funds and limited time, by that it mean, only time to flow test one zone. Also at this location there are limited analogues to draw from.

The Nanushuk, again has the multiple targets that are known and proven. From Pikka they stepped out with to Horseshoe and proved the play extends south. With a successful drill at Winx within the same formations they will have proven an extension to the East.

With Repsol/Armstrong/Oil Search and ConocoPhillips having drilled, logged and flow tested their own wells, Winx could fill in the South Eastern corner. This would mean a great deal to those looking to fill in the Nanushuk Rectangle.

Nanushuk is the most ready to market in my opinion, Mr Armstrong and his tie up with OSH are no doubt doing a "Wilson" and peering over the fence. This is an important well in the scheme of further North Slope development and important for us.

Not saying ignore the Torok, just that it needs further investigation into structure, porosity, permiability, caps, seals.........

If it's decided by the Consortium Partners to put up the For Sale sign, or 88e for that matter, I'm sure there will be something in the deal to cover any future Torok development.

Cheers happy Friday.