december quarterly , page-27

Until the following tasks that were included in the latest quarterly report have been completed and reported on I believe the SP will remain fairly static :-

• completion of 3D seismic interpretation;
• completion of a static reservoir model;
• analysing potential future appraisal and production well locations;
• potential for working over earlier to enhance production; and
• potential cost efficiencies through development and operational coordination with neighbouring operators.

And to a lesser degree :-

Following model completion, discussions can be held with key stakeholders including land owners, the Central Land Council, Traditional Owners, environmental agencies to ensure that proposed development will be completed to heritage requirements and consistent with good oil field and environmental standards.