simplicity, page-4

I am probably ahead of their report, Similar properties to the best US shale plays and flow test exceeded expectations.


� Nappamerri Trough holds potential gas
in place > 200 Tcf
� Similar properties to the best US shale
plays
� Encounter‐1 has now been drilled:
� Shale and sandstone target area
30% thicker than anticipated at
393 metres
� Holdfast‐1 spudded in January 2011
� Gas in place (GIP) measurement a key
objective of initial drilling
� Results will assist in the design of future
activities:
� Fracture stimulation (Q2 2011)
� Pilot well program (Q3‐Q4 2011)