drill timeframes, page-4

Pocko, you will not IMO get the unrisked value on a successful first well bcos they don't plan to production test it and you will need good outcomes in the 2 follow up appraisal wells to give confidence that the hoped for 12tcf of gas is there. I'll be happy if a successful first well gets us between low to mid one dollar(ie. $1.20 to $1.50). If PBR change their plan and production test A1 the SP will do much better IMO (if we get a good flow and low CO2). Hopefully we will get a sample of gas to confirm the quality.

ANZ