Ann: Wilga Park Power Station Upgrade , page-15

SG

Hi from Wagga Wagga (a long way from Narrabri!!).

The "new prospects" have been on some of their presentations and announcements for over 6 months. I commented back then when they first appeared that ESG had deferred drilling these because they are very close to a number of wells drilled by Santos just across the border in their lease to the south (for which the results were good). In other words STO had "derisked" them for ESG so they decided to drill elsewhere.

The 2008/09 program has been stated on several occassions to be targeting over 5000 PJ recoverable .. and there is that amount in the other prospects (including Bibbelwindi and Dewhurst) .. so these southern prospects are additional.

Reagrding the 3P upgrade ... they already have 3,000 PJ in the 2C category .. that only requires a market (they have had that since February). Yes I reckon paterson's are right and by year's end we will see a MUCH higher 3P .. and a new 2P target for 2010 of many 1,000s of PJ!

WP up and running. We are CSG producers!

Offline again now until I'm back in Sydney before market close Monday.

Cheers

H