Aug 17 Fireside Chat with JRI and Scott Macmillan, page-108

Hi MinerBrad,

A very good question. My initial thinking was fairly broad brush on this issue, as I would have expected the Southern fault block, with Mukuyu-1 in it, would justifiably be very good analogue for the faults to be sealing at the Mukuyu-2 horst. Decided to have a closer look at this over the weekend due to its obvious importance. Having done the review, IMO the Southern fault block, with Mukuyu-1 in it, would justifiably be very good analogue for the faults to be sealing at the Mukuyu-2 horst. I also believe, as I've mentioned a couple of times, that for IVZ to have changed from their initial Mukuyu-2 location to the current location they very likely have compelling information that de-risks the reservoir quality and hydrocarbon charge in the Mukuyu-2 fault block i.e. results from a RockPhysics analysis.

If information from a RockPhysics analysis is forthcoming that confirms this then I would see the fault seal risk as extremely low - would still carry some risk though!

For those interested, I'm posting my review of the Mukuyu-2 fault blocks fault seal risk.
- Cannot upload Slide 2 - its the seismic section in ASX 13/7/23 with IVZ's horizon names.

GLTAH
Cheers
VOGC