Massive Gas Field, page-52

1. Study's have been based on known data from drilling logs and geology etc
2. This was probably never tested as they were drilling for oil,however, Longtom etc should give a good indicator of impurities etc...one would think that Bass Strait gas is well understood by now
3. True....however, you need to insert 12 months( at least) lost due to covid, as well as uncertainty of title and lack of 3D data....now, both resolved
4. This is well documented and could easily be increased if the Emperor sands are gas laden, to be investigated by the "exploratory " section of the planned Judith 2
5.6. All documented and basically aligned to the requirements of the program approved by NOPTA
7,8. Again, all can be found in the studies, particularly the pre FEED study done by APA....however,given the gas situation, positive drilling could see things fast tracked

The only thing we don't know is....who our partner will be....again, I would put Beach as a front runner, followed by Seven West, then you could add, in no particular order or expectation, Exxon, AGL/APA, Cooper?....as well as foreign interests as well as a player bidding for a pure, non working share, that is, silent, investment partnership only...
But, we have to wait for suitors to study the new 3D data and see if someone bites, in the meantime, the board continues to do the " dirty work" of studies, data collation and corporate logistics etc.....

We await