Ann: Daydream 2 Update, page-38

Hi Piwi 33 can you outline what's going well in terms of Mongolia considering; results to date (try avoiding the carbonaceous mudstone smoke and mirrors, , presentation of factual information to SH, our understanding the reservoir, the extrapolation of these results to the immediate locality and elsewhere in the basin, the ability to produce commercial flows, what are considered commercial flows in Mongolia ? and how to monetize and when, and the delivery to date of management in meeting its own stated timelines.

It may not be a dud but it has not been managed in line withe expectations of SH and as reported by management - in that sense its a total dud

Potential ! too little info to comment. NY was good at the initial blue sky story but has failed once it came down to delivery against his own timelines.

Re Grandis he took a punt with our money on a contract with Haliburton that did not work out - hopefully he has learnt.

Just waiting for the next CR just like the recent one that most said was not happening.