flow test results due thursday, page-3

Hi Scouse,

Nice to see that people are researching the company and have questions.

Very exciting I'd say :) :)

I presume your asking about the NPV calculations since flow rates and decline rates (decline curve) don't really come into the basic calculation method.

The actually calculations are based on a decline curve of about 7% PA which is more than the company or the broker reports use (5% is the figure they use) and about a 25 year economic life. As well as the initial flow-rates achieved so far and those likely to occur based on the existing data. I will be revising my projections once we have more data especially regarding the T2A and Z sands.

Hope that helps.

They must have wanted to get the funding announcement out in Q1. Either they didn't want it obscuring the flow-test results so have held them back until Tuesday or the stabilised flow-test results are not yet confirmed.

LOTM