HHR 7.69% 0.7¢ hartshead resources nl

Ann: February 2015 Investor Presentation, page-6

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    Hi Bos et al,

    Source is DN. Cosmos drilling going to plan so far; "performing well" (good for first well on a new rig) but anything could happen over next 4-5 weeks. New MZ1 well really looks good with multiple targets within 2 play types. It says a lot when the JV goes for a US$136m well before a $60-70m well (Toubkal) in this current environment. **on F/O could happen by end April, could be earlier but timing not really under their control. They are "in negotiations" and could do a deal on the shallow water Palomite Cluster before doing a deal on the deep water Mouveni region.

    Cheers,
 
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