how accurate is figure 1, page-21

mg021 re. STOIP, 1P reserves and importantly the sustainable production BOPD and decline curve I have my own guesstimate, but no more valid than anyone elses based on info released to date. The last estimate of recoverable reserves by RISC was was 0.5 - 4 MMBBL based on a static model with limited data, the presentation released on 08 March 2012 to ASX of P90 3 MMBBL to a mean of 4 MMBBL (Case1) seems on the low side when looking at latest interpretation of reservoir structure and volume - larger than the earlier volumetrics. When the report is finally released I would be surprised to see 1P come in lower than 2 MMBBL, maybe substantially higher but still guesswork until a field development program is actioned and the structure drilled up. Meantime I couldnt speculate, but wait on consultants report.

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