Ann: Operations Update - Gurvantes XXXV, page-11

Top stuff OGP. That’s very clear and detailed explanation.

1. Given the 7 month standby period is there any reason you’ve modelled based on 400,000 scfd? This could of course end up being on the high side north of 1,000,000 scfd, could it not? I’m assuming this is just your responsibly conservative nature?

2. also regarding the permeability and communication is this based on the understanding there is synchronous downhole pressures and water flow rates from each of the three wells?

3. Also the other day @Mustang2020 suggested the pump work over in one of the lucky fox pilot wells is comparable to the reasons for the work over of the EXR wells. I’d have thought the EXR work over was more well here reconditioning (due to poor gas flows), rather than pump reconditioning at LF (due to poor pump performance) and therefore, shouldn’t be generalised in the same basket.

4. I’m still suspicious about the elixir pilots miraculously producing gas on the day of the 2022 AGM and learnings since have highlighted to me that increasing pump speeds and depressurise the coals too much can collapse the cleats as desorption can’t keep up. If this is in fact the case then perhaps N10, over the fence, won’t suffer the same fate.

Looking forward to any comments you can share on the above questions and observations.

Thanks in advance mate