Ann: Reserves Increase at SM 71 Almost Threefold, page-16

Hi boysy1,
While talking reserves..... I'm just adding some rough numbers for Lightning, excluding condensate volumes. I wanted to quickly see what the additional 150' of net pay which OEL announced is contributing to production and the reserve base, could possibly look like. Yes, we have the PhillipCapital volumes as well; although PC are yet to consider the incremental 150' of net pay; be it in poorer quality reservoir.

The volumes in the left hand column (good reservoir) are for the resource over the 180' of net pay. The right hand column (poorer reservoir) shows the volumes for the 150' of poorer reservoir (i.e. lower porosity, higher water saturation).

Anyway, we will have the official Ryder-Scott figures by the end of July.



Kind regards OldGeo