hardman vs neon, page-20

Caif, I am expecting a progress report next week on 120. They will have drilled the 4 pliocene zones but not run seperate logs at that point as I understand it. Log as they drill may apply.The end of the pliocene is where the last announcement stated they would make the next progress report.

On 105 logs and testing will be complete. They should confirm commerciality and give a preliminary reserve size as the jv see it (ie not independently assessed at this point).