Ann: Trading Halt, page-93

Whisky,

The guidance has already being provided by the Operator Cairn recently.

Net US$130 mil budgeted for this year's program of 3Dseis & 3 firm wells (+ 3 contingent wells). So on a gross basis that is US325 mil. Add the $1.1mil for the Djiff block seismic.

Apply 15% net to FAR at 72c exchange rate = AUD 67.7mil, that's what FAR should have in the bank.

Sept end cash blnc should b A$31.674 mil + ~ net 38 mil from this CR gives a total of apprx A$69/70mil which should suffice to cover cost blowouts, should there b unnecessary delays, as in sidetracks or extended production testing etc. Hope this helps.