3 fold increase in reserves, page-16

As suspected between 30-70 bcf reserves as outlined by the Ukrainian state companies many moons ago.

My estimate was 40-50 bcf, with a minimum 30 bcf, so clearly Moyes estimates are within expected range.

HOGs value will now be underpinned by this. Took long enough.

The future for HOG is in the lower reservoirs as I have always stated, B-24/25 is the main game. The question is can HOG get those reservoirs to flow at rate above the commercial cut-off rates?

Chernetska well should identify the potential of the deeper reservoirs, but if they strike oil in the B-20, I would not be surprised to see them pull out and look to production testing and establishing production.