Ann: NWE: Xanadu-1 Oil Discovery, page-19

hi Branners,yep it prob will sell off as people who were expecting the worlds largest discovery fade out of the stock no big deal there, oil assay results expected by the end of the week expected to confirm cliff head is still the primary discovery in the area, we will have to wait on those assays to comment further...but the fact there are sections with high oil saturation and areas of pure black gold (4.6m) vs 4.8 m at cliff head in similar formation are highly promising. couple that with the possibly that they could side case Xanadu 1 to find a bettter recovery point is a win in my book

"Cliff Head Oil Field discovery well Cliff Head-1 identified a gross 4.8m oil column at the top of the
IRCM below the Kockatea Shale – the same stratigraphy encountered at Xanadu-1. Cliff Head-1 was
immediately side-tracked to a more favourable up-dip location where a 36m gross oil column was
intersected.
Xanadu-1 was not initially designed to be completed as a producing well, and now with a better
understanding of the stratigraphy, a side-track well similar to Cliff Head-1 is considered an excellent
option, with the top section down to 971mMDRT already cased and cemented in place (approximately
250m vertically above the zone of interest)."

Other technicals point to further exploration and discovery potential in the same zone.