Ann: Operations Update, page-14

Unless I missed some earlier news Aussie, this also sheds a bit of light on the frack strategy. If I recall correctly, they were initially going to do a single stage multiple perf frac extending from the lower Hue down towards the bottom of the HRZ. One of the reasons indicated was that the objective was to maximise the flow from the well; mitigate for lack of certainty on the best lateral horizons; and test the Hue while we are down there.

The revised frac plan seems positive IMO, as it highlights the confidence they have from the logging to date. Enough confidence not just to target two zones, but enough confidence to not perf other zones. Speaks volumes to me.

They have also quite rightly reminded us that while the risk of not completing the flow test is now very low - the remaining uncertainties in the rock mechs and the GOR, will not be resolved till the stimulation and flow test is complete. And in those two uncertainties lie the bulk of the remaining geo risk in this project.

GLTA. Next ANN on Monday morning before market opens - is my guess.