Ann: Daydream-2 Operations Update, page-69

Hi @Wonkers. Thanks for highlighting....25 -30 Tscf is amazing! Achieving flow in the coals should be possible as it contains natural fractures which are saturated with gas. My only concern was that having a tight calcareous matrix might lead to blockage of gas flow due to capillary pressure effects when water is introduced to the near well bore formation (tight carbonate reservoirs in the middle east have experienced this problem).

Converting 10% to reserves following successful flow test in the coals could easily send the SP beyond $A 1 I would think, especially with strong rumour of a takeover of Grandis ops.