Ann: Grieve EOR Project Progess Report , page-21

Pickem

Thanks for your knowledgeable and detailed response to Grieve LITE.

I accept all your points about pressure gradients and dissipation (thanks for putting this so well)and I realise that this would be less efficient than the proposed Phase 1, but on the other hand economics now favour the project more than previously, by about an extra say $30/bbl, which compensates for a fair bit of inefficiency and has greatly enhanced prospects overall.

Also, I would assume that dissipated soap solution will not be lost and would serve to improve production more quickly as the field is incrementally expanded.

As you indicate overheads are something of an imposition, and if it improves prospects then this might have to be cut back, but sometimes this costs more than the savings; whatever the case, development of Grieve must be the focus and this is my main concern.

Basically, what I would like to know is whether there is a feasible Plan B for Phase 1, something like Grieve LITE, ie whether the Co. has looked at it.

Probably best if I email the Co., but please if anyone goes to the AGM try to raise this; It would be useful to know the Co. thinking.

Further comment invited.