Predictions, page-54

march - spud and final moratorium report recommendation
SP 7-10c 10c -14c

Early Late April SPUD and drilling with excellent gas shows as bit moves horizontal through multiple fractures/fracture zones. Drilling completed late April to Mid May without serious issues and under budget
Late April - GMRG final recommendations on pipeline pricing including NT. Costs reduced by $1.5-2.0. NGP not included for 15yrs from first gas. Rules implemented no later 1st March 2019. 17/4/18 - NT government lift Mooratorium on back of Enquiry.

SP 10-13c 15-20c

June-July - drilling PV and Ooramina. Mereenie plant upgrades and hints of further capex requirements for 60TJ/d. NT government lift Mooratorium on back of Enquiry.
SP 7-20c 15-35c

Late September - GSAs and reserves upgrades processing plant news and bank loans or share issue CR
SP 13-30c 25-40c

Late October 2018 TO offers 40c TO offers rejected
SP 30-40c 40-60c

November 2019 - kitty drilling reveals mega helium and gas reserves
SP 80-120c