Ann: Trading Halt, page-136

I think four possible scenarios.

1. worst case
The Irwin River CM/Kingia/HighCliff sequence is water bearing. Dongara/Wagina tight.
=> Conventional potential remains in the Jurassic & Triassic sandstone's: we know, high chance of permeable reservoirs and we had "elevated gas readings" in the Cattamarra CM, Enneabba Fmt., Lesueur sds., but not tested with this well.

2. mid case
Irwin River CM/Kingia/HighCliff sequence is water bearing; Dongara/Wagina up to 68m pay zone.
=> A Irwin-1 comparable result and depending from the extend of the possible pay zone, a significant discovery.

3. best case
Discovery in the Irwin River CM/Kingia/HighCliff. Dongara/Wagina tight
=> What we realistically hoped for from day 1 of this drilling...

4. dream case
Discovery in the Irwin River CM/Kingia/HighCliff. Dongara/Wagina up to 68m pay zone.
=> we are over the moon...

...possible share price in each case? Everyone's guess...