short term trading week starting 8th july, page-70

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    AJQ - Has run logs on Egilabria #2 Well Key points.

    1. Gas Detected over 800m intersection from 1091 - 1990
    2. Lawn Shale Formation thicker than 1st thought now 137m
    3. New unexpected Gas zone discovered below the target Lawn Shale formation (this is the 4th Zone or hot spot) which has flared 5m long to the surface
    4. Awaiting log analyses to optimise well direction, declination and frac placement for Egilabria 2 DW1
    lateral well.

    So in Summary Large intersection showing gas before an fracing ... 2 Zones produce 8m Flares and 2 zones produce 4-5m Flares.

    Still two more well to drill in the program into the same lawn shale target.

 
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