Ann: Interim Flowback Rate Gene 1-22H , page-39

Wilson

The way I read it is oil cut is 40% of flow rate as there is substantial frac fluid to recover. This cut is expected to increase to 70% thus 40% more of todays flow rate = 1594 BOEPD (expected).

A lot less than the 3000+ that was thrown around OR the 2000 currently mentioned. No doubt those people have sold long ago. I did some sums that 3000+ was worth about 4.8c so that has to be considered.

Anyway all good in my opinion and if I had some now I would not be selling taking into account other assets and future. Still waiting to get in but not ready just yet given there will be a small pull back (IMHO).

Good luck holders and well done on todays news.