announcement out!!, page-30

Hi Giddyup

Yes, three zones of pay and at least one of them with sufficient permiability to deliver some unassisted flow. You don't need to be a geologist to deduce that stimulationg a zone which produces something is a lot less risky that the prospect of stimulating shows that sit in tigher reservoirs (eg SOA#1 Muddy). We will get an improvement.

For FP we can extrapolate from neighbouring plays, so the market will indeed be watching SOA#2.

I'm not expecting a gusher and note that peer oilers are suffering the same negative sentiment ATM. It is however a true market failure where (largely) prospective producers like SSN are valued on the spot price of oil, rather than from a longer term perspective. Enter the hunting parties that do have a strategic view and medium to long term time horizon.

cheers