Ann: Operational Update - Frances Dilworth No.3H , page-23

re: Ann: Operational Update - Frances Dilwort... Interesting, lots of discrepancies (choke, pressure, bopd) in what is posted as the AZZ IP on ASF and also the FD2 production rates in the AUT forum.

So you could take a few views
- the numbers were 'wound up' for IP in which case there is a lot to answer for
- there is a credible explanation that led to a far greater decline rate, which in my view it should be reported by the company to ASX as it is a material change affecting share price
- the production report will be revised in future

Only the company can answer. The first two would initially be quite damaging to share price and credibility.

I expect the quarterly activities and cash flow due end of April will confirm what is going on. Perhaps we do not need to wait so long if it is indeed a pretty mangy looky cat out of the bag...

BUT, if you are selling / buying AZZ on the basis of rates you see posted on a web forum without having the company statement then good luck. I will wait to see what the co have to say as I have not yet been disappointed.