ash creek npv, page-15

Guys, if you read the Ryder Scottreport the reserves were classified as 3P as pilot project of CO2 flooding could not occur or was practical as it requires the whole field to be flooded. The RS report indicated that CO2 is practical and would result in 18.3m being able to be extracted, thereby moving to 1P once fully pressurised.

I have read the same applies to Chemical flooding in that once the chemical flooding occurs, which takes 3 to 6 months and is well by well based oil will flow and could then be categoriesed as 1P. My understadn is that 2P status does not apply.