freefall, page-15

That 18% is completely incorrect Clark.

The COS for B-20 was 50%

The COS for B-21/22 was 18%

The B-24/25 was interpreted to be hydrocarbon bearing across the entire permit, with 85% gas saturation throughout the reservoir. RISC also provided a contingent resources estimate of the b-24/25 reservoir in light of the fact gas has flowed to surface from 3 wells in the permit. Six wells were analysed in their analysis of the B-24/25.

Should the Chernetska-1 not intersect gas in the B-24/25 its means that the current well location sits outside the pinch-out area which is unlikely.

My previous post referred to the fact you did not understand the modern techniques and controls HOG were using the achieve superior well performance. The RISC report highlights previous issues with well performance in the soviet era and ways HOG intends to improve the performance.

To holders and potential investors, I would strongly suggest that you READ the RISC and Moyes and Co. reports to understand what HOG is trying to achieve, and more so what they are doing.

It is clear many don't know what the hell is going on.