The burning question, page-6

You wont get that at a 50% recovery rate imo.

Imo it will be around the 2B mark IF lucky, and that will be making some HUGE assumptions on acreage wide sweetspots..

BUT that's still a HUGE number for such a high %.

I hate to be a wet cloth but we can speculate all we like but ultimately it comes down to just what assumptions are made and given the lack of acreage-wide data you can almost guarantee that 50% mean figures WILL NOT be in the multi billions range.

You MAY get upwards of 3-5B at the 5% risk level.

We may well see it sooner rather than later as the last annmnt on the subject did state.

http://clients2.weblink.com.au/news/pdf_1\01726483.pdf

"Progress is being made on the Independent Resource Report, which is on track for

RELEASE IN EARLY-MID April.

The report will incorporate both the HRZ evaluation results from the Icewine#1 well and the November 2015 acreage additions."

Id say if we have a little more patience then we will all be put out of our collective curiosity BUT

DONT EXPECT MASSIVE NUMBERS.

They will be impressive if simply INTO THE BILLIONS imho.

d.