Ann: Application for Production Licence and Seism, page-27

re: Ann: Application for Production Licence a... Well I am pleased they have applied for a production licence. If it is granted over the field then they can keep the acres and will have time to work out how to make it commercial, if current rates are marginal.
The well was drilled with a short horizontal, perhaps all that is needed is a long horizontal.

Access to a pipeline would be great but imho requires a much higher flow rate. Perhaps years away. I think we are 200 - 300 Km north of the nearest pipeline i see on maps, but I get lost using any map. Please correct me.

I am hopeful, this is a well producing in a very lightly explored basin. The company has huge acreage.

The blue sky potential is huge, the cash is very limited.

A second well on sunrise if the 3D justifies would be worth the risk in my opionion. Hopefully with a long horizontal. Im for all or nothing so do not take this as advice!

Then we would be in a much better position for farm outs

if uneconomic then we are worse off

my thoughts, appreciate other thoughts.