information to this forum, page-18

Hi John,

I'd prefer not to disclose my working background on HotCopper. But I will disclose that I do work as a professional, and I have worked on several large resource engagements in the past.

I completely agree with you, with any announcement the necessary due diligence is required to confirm the accuracy of information being used, and I probably haven't followed the systematic steps in proving all the information, which I know you enjoy doing (Hats off to you :).

But IMO I would say if stakeholders (government, accountants, banks, potential investors etc) can rely on such information with relations to due diligence work and feasibility reports, I don't really have any issues using the same researched information for my own benefit, to perform the necessary due diligence in my own investment with QPN.

I would also like to say that, Yes, IMO it is very beneficial obtaining information from other O&G industry professionals, drillers or analysts, but from my own working experience and dealing with such personnel, you will always have difference of opinion based on different research and speculative information. There is never 100% confidence in any of their opinions which is why accountants always find it difficult task to have valuations agreed upon and prove the accuracy on researched information is reasonable.

So basically, if you can provide me with a known qualified professional that can guarantee in “writing” that there is no chance of funding or/ no chance of finding any O&G within the known area or/ Santos has absolutely no interest in QPN neighbouring area, then in front of all HC members I declare that I will agree with everyone of your post for the rest of my life.


Over & Out

Tazman