Ann: Operational Advisory , page-6

TB once again emphasises the negative focussing on the potential problems of the frac and writing off the entire area should the frac fail. I always thought this was a more 'conventional' vertical play but now it depends on a successful frac which has not been an area of strength lately. I don't quite follow the logic of this frac determining the value of the entire area but I'm not the expert. Certainly the way TB wrote this update the company is almost back to starting all over again should the frac fail.

Although not the main game not mentioning Gretel and Aus II is a pathetic effort from TB.

So now I am focussing on the negative but as we can see the market's not interested in the stock until they finally achieve something meaningful. I hope they have their best crew because the whole exercise would be pointless otherwise given the 'all-in' nature of this update.