Potential Bambo Well's Objective Values estimated on NPV of Oil Insitu, page-24

Hi DB - I agree that the longer the drilling campaign goes the better chances of success. Day 22 now and still support vessels around the Icemax indicating they are still in the thick of it. So it may be that the campaign takes the full 30 days. As pointed out before Samo failure was done and dusted in 17 days.

I agree that the working interest of 50% (42.5% post govt farm in) changes everything. Plenty of options. I believe the major holders would prefer a takeover. It would be a fairly clean deal as FAR doesn’t have many other assets to factor in (other than cash and the receivable from wpl).

Whoever the parties are looking at the Woodside sell down of sangomar would be very interested in our drill and it could be delaying woodside’s sell down.

Anyway we will be much wiser over the next week or so.