commercialisation of reserves , page-3

The blockage info is talked about in the last quarterly. I just followed it up with more detailed questioning. I will be following this up with a question at the AGM on Monday as this is the main reason by far why there has been so little news. My understanding is that they will dry to use the other lateral to prove up the 2P. The target is 80 2P

Anglo assets: As I mentioned a few months ago, the amount required is about $80-$100m. It has a guaranteed revenue stream, so it may not be as hard as you think. It is an opportunity for WCL to not only become a producer NOW, but also be able to ship its Paranui gas via a less expensive short new pipeline which will join up with the larger already existing pipeline owned by Anglo. So many millions of the $100m would have to have been spent by WCL if it wanted to sell its gas in the future. It would effectively reduce the waiting period for production by about 2-3 years.

I am not though anywhere near knowledgable enough to assess the deal properly.