Stefano's Tweets, page-524

Morning everyone,

I have watched a recording of the oil and gas conference where Nick spoke.

I think there are a few things worth noting.

Nick said he could not share the reserves result (obviously as the are price sensitive), but he said they are "I can't share the numbers with you now, but its big". Sounds very good.

He then went onto say "that will be coming out in the next couple of months". This surprised me as I thought it we must be due this month. So, I emailed the good Mr Marani to see if he could/would shed any light on matters. I got the answer I pretty much expected:

"The timing is price sensitive. What I can say is that there are two parts to being able to release it. The first part is the technical studies by the experts, the second part involves the ASX and JSE approving it. Where we have complete control on the first part, the second is completely beyond our control and depends entirely on the readers at the exchanges. So, all in all an answer without any real information for you unfortunately but given the nature of the information I can’t really divulge anything more".

Make of that what you will. Quite possible it is with the exchanges now or not far away. The ASX are well behind on dealing with announcements is my understanding. Also, helium may be unusual territory for the JSE/ASX to deal with - purely speculation on my part there, but may take more time? Interested if others have views.

Worth also noting Nick said the results "will then justify a phase 2 development". I almost think this is price sensitive lol. If they are good enough to justify phase 2....

So it seems like the news will be positive, but it may not be this month. I don't mind, I think it will be worth waiting for.

Anyway, enjoy your week on the ASX casino.

KK