Ann: Independent Expert Upgrades Cuba and Beehive Resources, page-19

Hi justlocal,
A very Big picture going on here with this obviously IMo meant to assist new corporate strategy , what we have now got is an in place professional vindication of 2 absolutely massive prospects in our portfolio , each one of them transformational to the company and shareholders if successful.
What we had before was Melbana’s internal opinion and interpretation of these, we now have no doubts..

Remember Beehive currently is interpreted of re assessment using new data analysis methods, of old legacy 2d data which is 25 -30 years old I believe, the new 3 D will bring lots here in a number of ways, potential resource upgrade , target identification, structure integrity ( seal, trap etc) and source...we should be able to nail the optimum drill target.
I have yet to see any new modern 3 data shoot downgrade legacy 2 d data, so in my opinion, we have gone very conservative here on the legacy 2d...independent assessments always go conservative...
I expect the 3 d to provide lots of news..
As an aside and to hopefully assist , it is really testament we have got this JV with a super major and AUs biggest mid cap producer based only on our own modern internal interpretations of old 2 d seismic data.
This is a very large and attractive prospect for many of reasons I have gone over previously..